Should NAR be reformed? What is the role of REALTORS in the lawsuit, and the value of membership in NAR? Join Rob and Greg as they answer these questions and the potential rebirth of the REALTOR movement, the importance of authenticity in communication, and the value of REALTORS sharing their authentic stories to connect with consumers. Plus Rob and Greg throw in their own doom and gloom predictions just to shake things up. Stay up-to-date with the real estate industry with this brand new episode of Industry Relations! Click here for Greg's latest blog post! Click here for Brian's LinkedIn post mentioned in the show! Listen to the Industry Relations Podcast across all podcast platforms! Listen to the podcast on Apple Listen to the podcast on Stitcher Connect with Rob and Greg: Rob's Website Greg's Website Our Sponsors: Notorious VIP This podcast is produced by Two Brothers Creative 2023.
Part 3: Home Prices... Inflation, Appreciation, Values. What's happened and what to expect. Welcome back to America's #1 Daily Podcast, featuring America's #1 Real Estate Coaches and Top EXP Realty Sponsors in the World, Tim and Julie Harris. Ready to become an EXP Realty Agent and join Tim and Julie Harris? https://whylibertas.com/harris or text Tim directly 512-758-0206 IMPORTANT: Join #1 Real Estate Coaches Tim and Julie Harris's Premier Coaching now for FREE. Included is a DAILY Coaching Session with a HARRIS Certified Coach. Proven and tested lead generation, systems, and scripts designed for this market. Instant FREE Access Now: YES, Enroll Me NOW In Premier Coaching https://members.timandjulieharris.com Home Prices: Percent increase and predictions We won't know exactly how much home prices went up in 2023 until all the figures are in, usually sometime during 1st quarter, but here's what's being reported so far… According to Statista, home prices in the US have risen for 11 consecutive years. 2021 saw the highest average increase for one year, at 18%. Freddie Mac reports that in 2023 on average home prices increased at 3%, but remember, that's year over year. REAL ESTATE LEADS, LEADS and more LEADS: Question: What is Tim and Julie Harris's favorite PROBATE LEAD PROVIDER? Simple, https://alltheleads.com/harris According to CoreLogic, and Case-Shiller indexes, home prices in the US increased 3.9% in 2023, but these are averages. Many cities saw far greater increases this year: (CNBC) The following cities had year-over-year median home price increases of 10% or more since September of 2022: (interestingly, only the first 2 are coastal). Los Angeles +23.8% San Diego +18.2% Richmond, VA +15% Boston +14 % Columbus, Oh + 12% Rochester, Ny + 11.4% Chicago, +10% Indianapolis, +10% It's also interesting that all of these towns with 10% or higher year-over-year increase had experienced a leveling off or decrease in the 2nd half of 2022, when the rate shock was fresh. Ready to become an EXPIRED Listing Agent? As promised, here is the discount link for the EXPIRED LISTING LEADS: https://www.redx.com/affiliate/tim-and-julie-harris/?aff_code=670699 Median home prices in both LA and San Diego increased by 38% and 48% respectively since January of 2020. (realtor.com) So what about places like Columbus, Indianapolis, Richmond, and Rochester? The common thread is affordability, with each of those towns averaging $416,000. (US Census data) Demand there is high and affordability isn't crazy. So will prices keep going up in 2024? By how much? According to both Zillow as well as NAR's economist Lawrence Yun, prices should increase an average of 3 to 4% in 2024. Our predictions? Unlike the crazy pandemic market, where very different regions and cities acted very similarly with crazy appreciation, everything getting multiple offers, waived appraisals, and inspections, 2024 will see different trends in different places. Real estate prices will be very dependent on local trends versus national ones. Watch your MLS hot sheets every day so you'll detect local trends. You'll need to know what's hot and what's not for each buyer, for each seller. Maybe home prices in your town will go up by 10%, but one county away could be stagnant. The old adage that ‘real estate is like the weather…it's very local', is now true again. Knowledge = confidence, ignorance = fear. Be the one with all the knowledge and speak from fact, not speculation. Does this moderation of prices mean that 2024 will be a Buyer's Market, a Seller's Market, or a Balanced Market? As long as demand is stronger than supply due to low inventory, it will remain a seller's market. Until our inventory increases significantly, versus incrementally, it will remain a seller's market, though less frenzied than during the pandemic.
Phycological operations Q, Juan and the NAR gearing up to usher in King, days of darkness ahead. Pray. Esther and Joel. Prayerfully consider supporting Right on Radio. Support Right on Radio https://patron.podbean.com/RightonRadio (Patron is billed by "The Speakers Company" PayPal for Jeff paypal.me/JeffRamsperger Mushrooms click here and check it out PetClub 247 Click Here: https://www.empshield.com/?coupon=ror Save $50 on each unit with coupon code ROR Join the movement, make the switch My Liberty Stand – Taking back our country or email firstname.lastname@example.org Web Site: Right on Radio | a podcast by Right on Radio (podbean.com) New Rumble Channel Right on Radio (rumble.com) Subscribe Back up Video Channel on Odysee https://lbry.tv/@RightonRadio:9 Right on U Link: https://rightonU.com -Real Estate Investing, use code SAVE800 -Creating Wealth SAVE $300 USE Coupon Code GETFOR197 -STAR Achievement System Purchase for $17 use coupon "STAR" Get Swag www.rightonmerch.com Follow on Twitter @JeffRighton Digital Soldiers: Welcome to the SoS Army [Shepherds of Sheeple Army] Web Site https://sosarmy.mailchimpsites.com/ Subscribe:https://rightonradio.podbean.com/ Follow: https://gab.com/ Right on Radio Telegram: https://t.me/right_on_radio [Main Channel] Digs https://t.me/RightonRadioDIGS Chat https://t.me/RightonRadioCHAT Live Right in the Real World! We talk God and Politics, Faith Based Broadcast News, views, Opinions and Attitudes We are Your News Now. Keep the Faith
Today on the podcast we welcome Greater Nashville REALTORS CEO Jarron Springer. Jarron, who joined the staff in February 2014, is a Middle Tennessee native. He attended Battle Ground Academy and has a degree in Communications & Public Relations from the University of Alabama. He received his JD from the Nashville School of Law. He holds the Certified Association Executive (CAE) designation, the highest designation in the association industry provided by the American Society of Association Executives (ASAE) as well as the Realtor Certified Executive (RCE), the only professional designation designed specifically for Realtor association executives by NAR. Please reach out and let us know how you are doing and any questions you have for us. email@example.com Learn more about Scott - https://crosscountrymortgage.com/Layden-Team/Scott-Layden/ Let's Connect: Instagram: instagram.com/movinguppodcast/ Facebook: facebook.com/TheWilsonGroupRealEstate Learn about Studio Bank: studiobank.com Learn about ATA Certified Public Accountants & Business Advisors: atacpa.net David Hart, firstname.lastname@example.org
Join us on this episode of Real Estate Insiders Unfiltered as we dive into the aftermath of the commission lawsuit case verdict. Ed Zorn returns to shed light on what this means for NAR and the industry. Ed, James, and Keith discuss the implications of the verdict, possible appeals or settlements, the rise of copycat lawsuits, and what rules should go in place now. Follow these links for the previous episode featuring Ed: YouTube RE/MAX & Anywhere Settlement Implications and is Keller Williams Next? Apple Podcasts RE/MAX & Anywhere Settlement Implications and is Keller Williams Next? Follow Real Estate Insiders Unfiltered Podcast on Instagram - YouTube - Facebook - LinkedIn - TikTok. Visit us online at realestateinsidersunfiltered.com. This podcast is produced by Two Brothers Creative 2023.
ReferencesGiovanni Bianconi, Ragazzi di malavita - Fatti e misfatti della Banda della Magliana, Milano: Baldini + Castoldi, 2013. Piero A. Corsini, I terroristi della porta accanto. Storie del terrorismo nero: Valerio Fioravanti e Francesca Mambro, dalla militanza nei NAR all'ergastolo per la strage di Bologna. Roma: Newton Compton Editori, 2020. John Dickie, Blood Brotherhoods: The Rise of the Italian Mafias. NYC: PublicAffairs. 2014. Imma Giuliani, 2 Agosto 1980. La strage di Bologna: Scienza e coscienza di un massacro. Roma: Armando Editore, 2020. Paolo Morando, La strage di Bologna Bellini, i Nar, i mandanti e un perdono tradito. Milan: Feltrinelli, 2023. Nicola Rao. Trilogia Della Celtica. Milano: Sperling & Kupfer, 2014. Roberto Scardova, L'oro di Gelli. Roma: Castelvecchi, 2020. Giuliano Turone, Italia oculta: Terror contra democracia. Madrid: Editorial Trotta, S.A. 2019 Photo of Amato's shoe found here: https://www.ilmetauro.it/40-anni-fa-veniva-ucciso-il-giudice-mario-amato/
Industry conferences aren't just great opportunities to do business—they're also where you can test the true extent of your success. From scoping out the competition to meeting customers face-to-face to getting in the trenches and making sales with your team, attending a conference offers many benefits you may not have thought of. Listen to find out how to conduct a sale with confidence and why it's the most important component of your pitch, how the most successful sales professionals approach using their scripts, and what attending a conference will teach you about your competition, customers, and team—and why those lessons matter. Be sure to check out the show notes at staypaidpodcast.com for a complete summary and additional details not included in the episode. Connect | Resources · Blog: “Prepping for a Conference” · Free resource: Small Talk/Networking Scripts. Use these scripts to break the ice and have meaningful conversations with potential clients. You can get more free resources, including e-books, printables, and lead magnets to attract new leads, by visiting our Resource Library. 0:00 Introduction 0:17 Interacting with clients at NAR 1:57 #1: See the competition 3:50 #2: Get client feedback 4:24 #3: Get into the trenches with your team 6:10 Conversations over scripts 8:00 #4: Refine your sales pitch 9:18 Confidence reflects competence 12:11 Thrive by running toward opportunity 14:21 Action Item Want Josh and Luke to help you with your marketing? Visit https://remindermedia.com/StayPaidMarketing/ 4 Monstrously Huge Benefits of Attending an Industry Conference
On this episode of Industry Relations, Sam DeBord joins Rob and Greg, and things get a bit uncomfortable as Sam tries to set NAR's record straight. Tune in as Sam and Rob have a testy disagreement on NAR's competency, but at the end of the day display their passion for the industry. While Greg tries to keep the peace and believes everyone on all sides can do a better job. Listen to the Industry Relations Podcast, available on all podcast platforms! Follow this link to subscribe to Industry Relations YouTube page Listen to the podcast on Apple Listen to the podcast on Spotify Connect with Rob and Greg: Rob's Website Greg's Website Our Sponsors: Notorious VIP This podcast is produced by Two Brothers Creative 2023.
On today's Equipping You in Grace show, Dave and Richard Moore discuss the history of the New Apostolic Reformation, distinctives of New Apostolic teaching and theology, the NAR's broad influence on evangelicalism, along with offering a biblical and theological response to this movement, and things to look out for in churches influenced by the New Apostolic Reformation.What you'll hear in this episodeThe new American Gospel documentary and supporting American Gospel.History of the New Apostolic Reformation.The Passion Translation and the problems with its translation theory and erroneous theology.Distinctives of New Apostolic teaching and theology.The New Apostolic Reformation's broad influence on evangelicals.A response to the New Apostolic Reformation.Things to watch out for in churches influenced by New Apostolic reformation.About Today's GuestRichard P. Moore is an evangelist, youth pastor, and missionary in Germany since 2014. He is an experienced youth pastor and preacher. He's been in church ministry for over 20 years. He has his Bachelors in Youth Ministry and Theology and Masters of Leadership, Evangelism, and Discipleship from Columbia International University. He is currently pursuing a PhD at Bakke Graduate University. He is author of “Divergent Theology: An Inquiry Into the Theological Characteristics of the Word of Faith Third Wave Movement and The New Apostolic Reformation,” which has been translated into German called, “Entwurzelt: Aktuelle christliche Irrtümer.” Richard's podcast is called “CHURCHepreneurs.”He is married to Simone with three children together, Ana, Lydia, and Caleb. He is a youth communicator, church planting speaker, and theologian. His vision is to see youth come to know, worship, and obey Jesus authentically. Check out Richard's ministry at his website www.richardpmoore.netAnd podcast on YouTubehttps://www.youtube.com/@richardm23His recent article on the New Apostolic Reformation in the Evangelical Review of Theology can be read here:https://theology.worldea.org/wp-content/uploads/2023/05/ERT-47-2.pdfSubscribing, sharing, and your feedbackYou can subscribe to Equipping You in Grace via iTunes, Google Play, or your favorite podcast catcher. If you like what you've heard, please consider leaving a rating and share it with your friends (it takes only takes a second and will go a long way to helping other people find the show). You can also connect with me on Twitter at @davejjenkins, on Facebook, or via email to share your feedback.Thanks for listening to this episode of Equipping You in Grace!
A) Three Things You Need to KnowHome Sales DownGold UpAn Apple CrisisB) Strawberry Feels ForeverC) Thaaaa...Pick of the DayTrade while you sleep and across time zones with Arbitrage Trade AssistVisit arbitragetrade.com NFA #News ,#FinancialNews ,#HomeSales, #Gold, #Apples, #NAR, #StrawberriesSupport this show http://supporter.acast.com/arbitrage. Hosted on Acast. See acast.com/privacy for more information.
Our featured guest on this episode is none other than Michael Cobb. After achieving remarkable success in the computer industry, he embarked on a new adventure in 1996, founding ECI Development. This visionary residential resort development company has left its mark across diverse landscapes. ECI Development is a true advocate for harmonious living, crafting tropical neighborhoods that seamlessly blend homes, condominiums, golf courses, and hotels within beachside, agricultural, and mountain settings. Today, Michael shares with us international moves and tells us about the new low-EMF, low-toxin home community he is building and how restrictions can help to ensure the neighborhood can remain as safe as possible in perpetuity. In this episode, you will hear: How Michael made the leap from the computer industry to international development and funding. North American perspectives on South America - ideas and misperceptions. Taking advice on travel safety from those who have been and lived there. The best investment you will ever make is a plane ticket to the country you're thinking of moving to. Living in a community of the same values and priorities. How COVID opened doors that were never previously available. The Consumer Resource Guide that you need when considering an overseas move. After success in the computer industry, Michael formed ECI Development in 1996. This residential resort development company builds communities in Belize, Nicaragua, Costa Rica, Panama, El Salvador, Honduras, and Portugal. Tropical neighborhoods include homes, condominiums, golf courses, and hotels located in beach, agricultural, and mountain settings. Michael served on the President's Advisory Group for the National Association of Realtors (2016), the NAR Board of Directors (2017), sat on the Global Business and Alliance Committee for the NAR (2018). From 2002 through 2016, Mike, and his family made their home in Central America. Connect with Michael Cobb: Website: https://ecidevelopment.com/ ECI Development - https://www.facebook.com/ECIdevelopment Gran Pacifica - https://www.facebook.com/GranPacifica Best Western - https://www.facebook.com/BestWesternSanPedro ECI Travel - https://www.instagram.com/ecitravelguide/ ECI Communities - https://www.instagram.com/ecicommunities/ Gran Pacifica - https://www.instagram.com/granpacifica/ Best Western - https://www.instagram.com/bestwesternsanpedro/ ECI LinkedIn - https://www.linkedin.com/company/eci-development-ltd./ YouTube - https://www.youtube.com/ECIDevelopmentLTD Check Out the ECI Development Resource Guide Here: https://info.ecidevelopment.com/consumer-resource-guide/HealthyTech Connect with R Blank and Stephanie Warner: For more Healthier Tech Podcast episodes, and to download our Healthier Tech Quick Start Guide, visit https://HealthierTech.co and follow https://instagram.com/healthiertech Additional Links: Shield Your Body website: https://ShieldYourBody.com Shield Your Body Youtube Channel: https://youtube.com/shieldyourbody Host R Blank on LinkedIn: https://www.linkedin.com/in/rblank9/ Shield Your Body on Instagram: https://instagram.com/shieldyourbody
In this Episode of CHURCHepreneurs Richard deals with current developments in people defending Mike Bickel and the current allegations of sexual immorality by using the verse "The gifts and the call of God are irrevocable." from Romans 11:29. But does that verse mean what the defenders of Mike Bickle and other Apostles and Prophets of the NAR use it to mean. And is Mike Bickel even qualified anymore for Christian Ministry? All that and more on this episode. Be sure to subscribe https://www.youtube.com/@richardm23 Richard's Website www.richardpmoore.net Richard's Twitter https://x.com/richardpmoore23?s=21&t=XrW909fphbHVcevU_V2N0Q Richard's Instagram https://instagram.com/richardm23?igshid=OGQ5ZDc2ODk2ZA%3D%3D&utm_source=qr
In this episode of CHURCHepreneurs Richard deals with the current sexual allegations against Mike Bickle and International House of Prayer KC (IHOPKC). Richard in this second episode deals with the spurious claims and foundations of the Kansas City Prophets and the visions, trips to Heaven, and the prophetic encounters that Mike Bickle claims to have had over the years. He also deals with the defenders of Bickle and how they have turned the tables and called the victims blackmailers, and demonic, and pointed the finger at the victims. He shows how others in the NAR are circling the wagons around Bickle and tolerating his sexual sins. Richard gets irate with the toleration of sexual immorality in the church. Richard gets really prophetic in this episode. It gets biblical! ***CLIPS FROM MIKE BICKLE ARE DISTORTED TO AVOID COPYRIGHT STRIKES CRITIQUE FALLS UNDER FAIR USE***
The verdict against NAR in the Sitzer lawsuit has organized real estate up in arms. But Michael Lissack thinks the decision is the best thing to happen to the industry in 100 years. In fact, he sees the trade association as a criminal enterprise with little value beyond MLS access. Michael is Managing Broker for The Virtual Realty Group, a 100% commission brokerage that operates in 12 states. On this episode of Listing Bits, Michael joins Greg to discuss the real issue behind the lawsuits against NAR and describe what he would do to make buyer's agent commission negotiable. Michael explains why it's necessary to decouple the MLS from NAR membership and how that would likely lead to bankruptcy for the trade association. Listen in for Michael's provocative take on why associations don't deserve a way forward in a world where MLS access is open to anyone with a real estate license. What's Discussed: The real issue behind the lawsuits against NAR and several real estate brokerages What Michael would do to make buyer's agent commission negotiable Why the DOJ takes issue with mandatory membership in NAR for MLS access How decoupling the MLS from NAR would impact everyday REALTORS What decoupling the MLS from NAR membership would do to the trade association (and what NAR might do to demonstrate its value and rebuild) What it would take to decouple local, state and NAR membership Why Michael believes a real estate license should be the only requirement for MLS access Running MLSs as not-for-profit organizations vs. for-profit entities Greg's thoughts on providing a way forward for associations by compensating them for the work of building the MLS Why bankruptcy might be apt for associations who don't provide value beyond MLS access Connect with Michael Lissack: Michael.Travel Michael on LinkedIn Resources: Sitzer v. NAR Michael's LinkedIn Post Our Sponsors: Trackxi
The 2024 Housing Market Will Consist of Lower Mortgage Rates and a 15% Jump in Exising Home Sales according to NAR's Lawrence Yun. How will these changes affect House Prices? Should you buy now or wait? In this live episode, we are going to discuss the latest from the Federal Reserve, the latest employment and economic data while helping you understand how that affects you as a buyer or seller in the 2024 housing market. Tonight's Slides - https://docs.google.com/presentation/d/1NkbaxzVl78XCxrw3U3M1RzV276AbLqq6xwrADWKB2eE/edit?usp=sharing ✅ - Want to get connected with us or to a local expert in your market, please reach out at http://www.theeducatedhomebuyer.com/expert Connect with Jeb
The real estate market is a media favorite for sensational headlines and clickbait. So it's no surprise the Missouri real estate verdict in the Sitzer/Burnett buyer broker commission lawsuit moved the needle. The outcome will no doubt change the way real estate agents conduct business, but to what extent? And how can the real estate industry come together to find consumer-friendly solutions moving forward? In this episode, WFG Chairman & Founder Patrick Stone offers perspective, insight and possible paths forward.
There are leaders within areas of the Charismatic movement embracing certain teachings and doctrine that correlate with the New Apostolic Reformation. Recently, Alexander Pagani stated that NAR is heresy and a doctrine he rejects. However, there have been questions surrounding his practices and online teachings. Join me as we take a look at some of these things in relation to Alexander Pagani, and I make a sincere appeal to him and to his followers based on solid evidence contrary to his statements. Resources: The Lovesick Scribe Podcast: This Is Dedicated to the NAR Deniers on Apple Podcasts What is church planting? | GotQuestions.org Is God restoring the offices of apostle and prophet in the church today? | GotQuestions.org The Roots and Fruits of the New Apostolic Reformation, Part 1 - YouTube The Roots and Fruits of the New Apostolic Reformation, Part 2 - YouTube My info: Website: http://www.lovesickscribe.com Subscribe to my blog here: http://eepurl.com/dfZ-uH Instagram: https://www.instagram.com/lovesickscribe/ Facebook: https://www.facebook.com/lovesickscribeblog If you found this video helpful, please share it with others and leave a good review. --- Support this podcast: https://podcasters.spotify.com/pod/show/dawn-hill2/support
Join Rob and Greg on this episode of Industry Relations, as they recap the NAR NXT annual conference and explore some critical issues. Greg shares what NAR NXT's atmosphere was like, and find out why Rob is worried about independent press commenting on NAR. Also, discover the reasoning behind Rob and Greg's beliefs that the real estate industry is way past prepping and the zombies are breaching the wall! Listen to the Industry Relations Podcast, available on all podcast platforms! Follow this link to subscribe to Industry Relations YouTube page Listen to the podcast on Apple Listen to the podcast on Spotify Connect with Rob and Greg: Rob's Website Greg's Website Our Sponsors: Notorious VIP This podcast is produced by Two Brothers Creative 2023.
Byron Lazine and Nicole White discuss a video message from NAR interim CEO Nykia Wright, NAR's lobbying spend in 2022, Michael Ketchmark's close ties with the DOJ and his upcoming appearance at Inman Connect, and the #CancelInman movement. Become a member of BAMx: https://bamx.uscreen.io/pages/subscribe Use discount code REALWORD for 10% off your annual subscription! Subscribe to the BAM YouTube channel: https://tinyurl.com/aatxhaka Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate Connect with Byron Lazine: https://www.instagram.com/byronlazine Connect with Nicole White: https://www.instagram.com/nicolewhite.ct/ This episode's sources: Andrea Brambila Tweet: https://twitter.com/InmanAndrea/status/1725563627149894035 #CancelInman (Facebook): https://www.facebook.com/hashtag/cancelinman/ Ken Pozek Facebook post: https://www.facebook.com/kenpozek/posts/pfbid02vCzL33E1AC4fVJP9VkKDNzcqm3oBeC7C1mY3ChbQqUVJHqsCRXqMN5KxS2ASQPStl Timestamps: 00:00–01:12 Intro 01:53 The NAR NXT event 03:30 Andrea Brambila NAR tweet & interim CEO Nykia Wright's video message 10:18 Biggest lobbying spenders in 2022 (w/ NAR at the top) 15:18 Michael Ketchmark, the DOJ, and #CancelInman 18:48 NAR is confident of its appeal 20:21 Why is Michael Ketchmark speaking at Inman Connect? 21:18 “I hate this business model for Inman…” ——— BAM PARTNERS
In today's RealTrending, Redfin CEO Glenn Kelman explains his decision to disassociate from NAR, his surprise at the current Gibson lawsuit, and his commitment to his agents and consumers. In this open conversation, Kelman also shares his passion for the industry, how Redfin is moving forward, his ups and downs growing the company and more. Related to this episode: Connect with Glenn on LinkedIn Redfin HousingWire's YouTube Channel Enjoy the episode! The RealTrending podcast features the brightest minds in real estate. Every week, brokerage leaders, top agents, team leaders, and industry experts share their success secrets, trends, and lessons learned navigating this ever-changing industry. Hosted by Tracey Velt and produced by Elissa Branch.
A Missouri court recently found NAR, HomeServices of America and Keller Williams liable for $1.8B in damages for conspiring to keep commissions artificially high. And there's a long list of copycat lawsuits advocating a shift in the way commissions are paid in real estate. So, what might that look like? What does it mean for you and your business? Rob Levy has been a licensed Portland REALTOR since 1988 and currently serves as Principal Broker with The Rob Levy Real Estate Team, a top-producer in the Pacific Northwest. On this episode of The Portland Real Estate Podcast, Rob joins hosts Joe Fustolo and Steve Nassar to walk us through the lawsuits against NAR and discuss how buyer's agents might be paid in the future. They describe how the decoupling of commissions will impact first-time homebuyers and why buyer's agents will have to sell what we do to consumers moving forward. Listen in as Rob explains how decoupling commissions will increase the barrier-to-entry in real estate and learn how to adapt to a change in how BACs are paid and thrive in a ‘specialist's market.' Key Takeaways What's behind the $1.8B lawsuit against NAR (and the long list of copycat lawsuits) Rob's insight on how the real estate industry resisted change in 1993 when buyer's agency came out Why the listing agent and buyer's agent are both paid by the seller right now How buyer's agents might be paid by homebuyers or negotiate commissions when an offer comes in Why buyer's agents being paid by buyers is bad for the industry and first-time homebuyers Why buyer's agents will have to sell what they do to consumers moving forward How a shift in the way BACs are paid will impact the attrition rate for REALTORS How a decoupling of commissions might be a good thing for listing agents How the decoupling of commissions will increase the barrier-to-entry in real estate Why it's crucial for real estate agents to anticipate and adapt to change The similarities and differences between the current market and the Great Recession Opportunities to buy in the current real estate market (and how first-time homebuyers are priced out) How the recent dramatic rise in interest rates killed demand in the real estate market Life events that drive people to buy and sell homes regardless of the market Connect with Rob The Rob Levy Real Estate Team Connect with Joe Soldera Properties Joe on LinkedIn Connect with Steve Steve's Team at Premiere Property Group Steve on LinkedIn Resources Sitzer v. NAR Industry Lawsuit Watch on BAM RPAC The Compound Effect by Darren Hardy
Today's episode is a deep dive into a topic that's been making waves in the real estate world—the National Association of Realtors Lawsuit.The National Association of Realtors (NAR), a powerful organization with a significant lobbying influence, is at the center of a groundbreaking lawsuit. The lawsuit alleges that NAR, along with other major players in the real estate market, violated the Sherman Act, the first antitrust law enacted in 1890 to prevent monopolistic practices.Listen in as we share our hot take on the lawsuit, examining both sides of the argument.--To learn more about our full-service turnkey operations, check us out online at www.spartaninvest.comConnect with Spartan!Facebook: @spartaninvestInstagram: @spartaninvestTwitter: @spartaninvestConnect with Lindsay!Facebook: @spartanlindsaydavisInstagram: @spartanlindsaydavis
In today's RealTrending, Redfin CEO Glenn Kelman explains his decision to disassociate from NAR, his surprise at the current Gibson lawsuit, and his commitment to his agents and consumers. In this open conversation, Kelman also shares his passion for the industry, how Redfin is moving forward, his ups and downs growing the company and more. Related to this episode: Connect with Glenn on LinkedIn Redfin HousingWire's YouTube Channel Enjoy the episode! The RealTrending podcast features the brightest minds in real estate. Every week, brokerage leaders, top agents, team leaders, and industry experts share their success secrets, trends, and lessons learned navigating this ever-changing industry. Hosted by Tracey Velt and produced by Elissa Branch.
Join our free Florida income properties webinar on Monday, November 27th for 5.75% mortgage rates at: GREwebinars.com Home prices are up 4.5% annually through Q3. It's the fastest growth rate in months. Three out of ten renters are now age 55+, the most ever. Older renters are good for you: lower turnover, more quiet, more savings & income, and lower regulation compared to assisted living. Overall US population growth is slowing, from 1.2% a generation ago to 0.5% today. It's expected to grow until 2080. I discuss the DOJ crackdown on the NAR and real estate commissions. 1.6 million real estate agents could lose their jobs. Apartment building rate caps have become super-expensive. One of our real estate Investment Coaches, Naresh, joins us from Florida. Naresh tells us how to get 5.75% mortgage rates on new-build Florida income property at GREwebinars.com Resources mentioned: Show Notes: GetRichEducation.com/476 Join our Florida properties webinar, free, Nov. 27th at 8:30 PM ET at: www.GREwebinars.com For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review” Top Properties & Providers: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold Timestamps: The housing market stats (00:02:52) Discussion about the current state of the housing market, including the 45% increase in home prices and the reasons for continued home price support. Home price appreciation forecasts (00:05:28) Talks about the predictions for future home price appreciation, with both CoreLogic and NAR expecting a 26% rise in home prices next year. The impact of older renters (00:10:08) Explains why older renters are desirable for property owners and landlords, highlighting their lower turnover rate and stability. The Aging Population and Older Renters (00:11:15) Discusses the benefits of older renters, such as lower mobility, more savings and income, and low regulation. US Population Projection and Immigration (00:12:30) Examines the projected population decline in the US by 2100 and the importance of immigration for continued growth. Housing Demand and Household Size (00:17:12) Explores the trend of fewer people living in each household and its impact on housing demand. The timestamp's title (00:22:05) Rising Costs of Rate Caps for Apartment Buildings Discussion on how the cost of rate caps for larger apartment buildings has become prohibitively expensive. The timestamp's title (00:25:23) Real Estate Market Trends and Slowdown Insights on the current state of the real estate market, including a slowdown in November and leveling off of home values and rents. The timestamp's title (00:28:28) Opportunity in Real Estate Market in 2024 Predictions for the real estate market in 2024, including a potential bottoming out of the market and a decrease in mortgage rates. The decline in home values and the health of the economy (00:32:58) Discussion on the decline in home values and the health of the economy, with reference to the 2008 financial crisis and current housing supply. Short-term rentals and the potential for a decline (00:34:14) Exploration of the decline in short-term rentals due to a decrease in travel and corporate expenses. The impact of mortgage interest rates on home prices (00:35:19) Analysis of the relationship between mortgage interest rates, economic slowdowns, and home prices, with a focus on potential rate cuts and their effects on the housing market. The Florida In-Migration Stat (00:43:53) Florida's astounding population growth and becoming the second most valuable property market in the US. The Rate Buy Down Courtesy of the Builders (00:44:23) Explaining the options of a 5.75% rate or the 2-2-4 program for property buyers in Florida. Disclaimer and Closing (00:46:02) A disclaimer about the show and a mention of the sponsor, Get Rich Education. Complete Episode Transcript: Speaker 1 (00:00:01) - Welcome to I'm your host Keith Weinhold told how price appreciation is up 4.5%, but there are signs that it is slowing down. Finally, learn more about our upcoming live event that you can join from the comfort of your own home today on get Rich education. When you want the best real estate and finance info. The modern internet experience limits your free articles access, and it's replete with paywalls. And you've got pop ups and push notifications and cookies. Disclaimers. Oh, at no other time in history has it been more vital to place nice, clean, free content into your hands that actually adds no hype value to your life? See, this is the golden age of quality newsletters, and I write every word of hours myself. It's got a dash of humor and it's to the point to get the letter. It couldn't be more simple text to 66866. And when you start the free newsletter, you'll also get my one hour fast real estate course completely free. It's called the Don't Quit Your Day dream letter and it wires your mind for wealth. Speaker 1 (00:01:17) - Make sure you read it text to 66866. Text 266866. Speaker 2 (00:01:29) - You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. Speaker 1 (00:01:45) - We're going to go from Roxbury, Connecticut to Roxbury, Wisconsin, and across 188 nations worldwide. This is get rich education. I'm Keith Weinhold, GRE founder host of this very show since 2014, longtime real estate investor and Forbes Real Estate Council member. In fact, check out my latest article in Forbes for my work in research on the housing market. What we do here is by investment property with the bank's money, pay the debt with the tenants money, and then well, that's about it. In a sense. We enjoy life mostly. There will be some bumps along the way. The devil is in the details. Yeah, all those sus vibes that you got from the housing price apocalypse, doomsday, YouTubers. All of those vibes you had are validated by now. Just in time for a sweater weather. Respected research firm CoreLogic released their report with end of quarter housing stats nationwide. Speaker 1 (00:02:52) - Home prices still haven't fallen. There was a healthy 4.5% in September of this year compared to September of last year. Yes, these real estate numbers always run behind a little bit. Well, that 4.5% increase that even includes distressed sales. And that is the fastest growth rate in quite a few months. And again, this is primarily due to a robust job market spiked inflation and housing inventory lows that just keep scraping along the sea bottom floor. So these fundamental reasons for continued home price support, I mean, it's the same stuff I've emphasized for over two years, even as I stated prominently back on television in November of 2021. And although that was avant garde at the time, it's really not in my personality to get smug until the incessant rumors today I told you so or anything like that. Well, the highest price gains this past year. They were concentrated in places that had, I suppose, the best autumn foliage this year, that is, most northeastern states. They are the big gainers now. There were some price declines in a few places. Speaker 1 (00:04:08) - They were felt in just four western states and D.C. the four western states were Utah, Idaho, Montana and Wyoming. Now, see, in the pandemic, those states prices, they stretched broader than basketball star Victor Wembanyama. And today they are mildly correcting. But back to the base case here. The 46 of 50 states which experienced appreciation oven mitts are needed to handle the three hottest states led by Maine 10%, Connecticut also at 10%, and new Jersey, with a 9% gain. And when you break that down in the metro area, it was Miami that led with soaring 8.5% appreciation. And it's interesting are core investment areas of the Midwest in southeast, which I call the stable markets. They lived up to that moniker again, they appreciated moderately during the pandemic and still appreciating moderately today. And as we approach winter, expect home price depreciation to have its seasonal slowdown. That's what tends to happen each year. In fact, there's a slowdown in sales of volume two. There are just so few homes on the market, but it has gotten really slow lately. Speaker 1 (00:05:28) - Now, I do like CoreLogic, the supplier of this information. They contribute their single family rent index to our industry. And that's so valuable because most rent data that you find out there is about apartments. CoreLogic predicts further home price appreciation over the next year of 2.6%. And similarly, the Nar. They expect home prices to rise 2.6% next year. Now, next month, you will hear me. Release gives home price appreciation forecasts right here on the show, and you're also going to learn how accurate my forecast was for this year that I made last year. Now, just last month, I made an in-person field trip to Cash Flow Country, the Midwestern United States. You've got some income property providers there that are still steadily sourcing properties to investors like you. But, you know, there are a few now where they're not even doing that lately because some providers are having trouble making the numbers work for you, the investor. Like, for example, on a single family rental that was built in the 1960s. Speaker 1 (00:06:40) - Right. A somewhat older property. Where it is commanding, say 1650 rent. And this is a real example of rehab property that I visited in the Midwest, 1650 REM. Well, these property providers can get, say, $230,000 for that property if they sell it to an owner occupant instead of an investor like you. Well, with higher interest rates on an older property, you know, 1650 rent on a 230 K purchase price. And it doesn't work so great for you as an investor, although it might on a newbuild property. So that's why a provider like that is selling to owner occupants instead of investors like you, an owner occupant, they'll pay 230 K because they don't have to make it cash flow. It's their home. So instead of selling it to an investor like you were, say 190 K is the most that it would make sense for you to pay. Well, then sure, that provider is going to get 230 K from an owner occupant, so it makes more sense for that provider to sell it to the owner occupant as well. Speaker 1 (00:07:44) - Now, one income property company that has in-house management and all that. I mean, this is a company that then is set up to serve investors. What they've done though is currently they're selling about 80% to retail homeowners, owner occupants in just 20% to turnkey real estate investors. For just that reason, owner occupants can pay more for it because of what's going on in the cycle. So in that particular Midwestern market, either mortgage interest rates must come down or rents must rise in order for it to make sense to you as an investor again. Now, later in the show today, you'll soon see that we've effectively found a way to make interest rates go back in time a couple of years when they were low, and how you can apply them to new Build income property. Today you'll learn exactly what that rate is, and this is fairly exciting. But yes, everyone wants to know where are mortgage rates going to go. And no one I mean absolutely no one knows where rates will go. Not your mortgage loan officer, not Janet Yellen, not your property provider. Speaker 1 (00:08:55) - They don't know where mortgage rates are going to go, not the president of the United States, not Charlie Ridge, not a real estate agent, not Ron DeSantis and not me. No one knows where rates are going, of course. But we did learn something just about ten days ago. Fed Chair Jerome Powell said he's not confident. Those were his words in quotes, not confident that policymakers have done enough to curb inflation. Well, that right there. That is what is known as a hawkish comment in fed vernacular. If they haven't done enough to curb inflation, then that is what has renewed fears of more interest rate increases. Now your investment properties next tenant might be a grandparent with a flip phone. Roughly three out of ten renter households are now headed by people age 55 plus. After bottoming out in 2004, older renters have become a major share of the tenant population today, and I share this with you recently. If you're a reader of Art, Don't Quit Your Day Dream letter. And by the way, welcome to all of our new letter readers. Speaker 1 (00:10:08) - We recently had a few thousand new Don't Quit Your Adrian Letter subscribers, our weekly email newsletter. Welcome here to the podcast. Now as I'll explain why in a moment you should like and embrace older renters. Now, first things first. Understand that as a property owner or landlord, you cannot age discriminate in your advertising or in your tenant screening. But all right, once you're done poking fun at their jitterbug or their track phone, understand that older renters, they are desirable. And by the way, our jitter, bugs and track phones still made us think that at least one of those two phone models is still made. At least one of them is a flip phone. Not completely sure, but anyway, yes, now that we know that there are more older renters here, about 3 in 10 American renters now age 55 plus, okay, older renters, hey, they really are desirable for a bunch of reasons. You're going to have lower turnover. Okay? Older people tend to stay put. There's a low transient rate. Speaker 1 (00:11:15) - They have a low mobility rate. That's another way to say it. Also all the renters, they tend to be more quiet. They're less likely to throw three keg ragers no beer pong, no headbutt dents in the drywall. And when it comes to savings and income, they have more of it and expect low regulation. Unlike something like assisted living, there is no special government permitting or any specialized staff that's needed. So. There are some big reasons why this growing group of older renters that is good for you as an income property owner. So to review what you've learned, that's due to lower mobility. They're more quiet, they have more savings in income and there's low regulation. And I'm going to say that personally, I've come to appreciate my older friends more as time goes on. And I recently realized that I have some of my best conversations with them. But they won't talk me into the jitterbug. They can't talk me into giving up my life without Instagram on an iPhone. Many older adults, they don't want the hassle of homeownership and others they are just feeling the weight of dreadful homebuyer affordability, just like everyone else. Speaker 1 (00:12:30) - And one major reason for why there are more older renters. If you're trying to find a reason why it's not due to some seismic behavioral shift, it's just the simple fact that the American population keeps getting older overall. Overall, we have an aging population. And by the way, is 55 that old? I mean, the 55 plus age group, that can mean a lot of things. And 85 year old and 55 year old lived very different lives with different activity levels, of course. But is 55 that old? I don't know, I know that you only need to be age 50 to be an AARP member. I guess 55 sounds old, because you can say that you're pretty likely to be in the second half of your life, but maybe if you divide life up into thirds, you could say then that 55 is in the middle third, and then therefore 55 could be seen as middle aged and not old, I suppose. And for some reason, it's systemic in American culture that people don't seem to want to be called old for whatever reason. Speaker 1 (00:13:35) - It has a mildly pejorative connotation, but it is a group of people with their own separate habits, and these people are more likely to be using trekking poles when they go hiking, I guess. And I don't agree that age is just a number. I mean, come on, age means something in 85 year old men. They are not going to qualify to play in the NBA All-Star game. They're not going to be the most agile defensive back on an NFL field. So that takeaway here is that more renters are older. Embrace it. It's good if you're a listener but still don't have our valuable don't quit your day dream letter, which wires your mind for wealth, and it updates you on real estate trends. You can get it for free right now. Just text message group to 66866. That's green to 66866. We've been talking about the aging population here on get Rich education episode 476. All right. But how about the overall US population trend. This is something that you might have seen elsewhere since it transcends real estate. Speaker 1 (00:14:46) - But I'll give you my real estate take on it too. All right. So the latest Census Bureau figures, they show that the US population is projected to contract to shrink by the year 2100, which would be only the second decline in the nation's history. And the other decline occurred in the 1918 Spanish flu and World War one. For those reasons, annual population growth rates, they have dropped from about 1.2% a generation ago to just one half of 1% today, and the culprits are declining birth rates and that aforementioned aging population. All right. The US has the world's third biggest population, and it could be demoted to fourth or fifth by Pakistan or Nigeria as soon as the middle of this century. So this anticipated population contraction, that means that immigration could become vital for any hopes of continued growth. And yet understand the US is still growing faster than a lot of other high income nations like Japan and Italy, that are already losing population. All right, so the US population is projected to shrink by 2100. Speaker 1 (00:16:02) - The more important thing for you to remember as a real estate investor that's going to need a population to drive demand, is that our population is still expected to grow every year until about the year 2080 by most every model out there. So still 50 to 60 years of population growth. And then it isn't until later 2100 that is expected to decline. And of course, birth rates and immigration rates are bigger unknowns than the death rate out there in the future. Just estimating how soon our population is going to peak, but it's going to be a. While many decades. And then, of course, even in 50, 60 years, if the overall American population stops growing. All right, well, it'll probably still grow in some regions. And, you know, I wonder if Florida will still be growing late this century. It seems like it never stops there with population growth. And also it's not just about overall population growth when it comes to housing demand. It's how people choose to live within a certain population growth rate. Speaker 1 (00:17:12) - Okay, with a population of 100, if there are two people per household, well, they can be housed with 50 homes, but if there is just one person per household, well then it's going to take 100 homes to house those same 100 people, no longer 50 homes. All right. And one trend that's made for surging American housing demand is that you have fewer people living in each household. That's how people choose to live today. So keep that in mind. You see a small half of 1% annual growth rate in more recent years, but there are a lot of numbers behind the numbers. Now, you might wonder what I think about the federal jury that recently found the National Association of Realtors and large brokerages, and how they conspire to keep commissions artificially high. What's that really mean? Well, what it means is more flexibility for buyers. I mean, under the current system, sellers pay their own agents commission of roughly 5 to 6%, and then that 5 to 6% that's shared with the buyer's agent. Speaker 1 (00:18:18) - Well, if sellers now get billion from paying buyer's agents, well, then buyers would have to start to pay their own agent if they choose to use one. And a buyer could do that at either a flat rate or an hourly rate. But first time homebuyers, they could really feel the crunch, or that could become a bigger issue for those wannabe first time homebuyers that are having a hard time amassing the savings to pay for an agent on top of their down payment and their closing costs. Just another whammy for those wannabe first time homebuyers. They keep getting beaten down, and that's what could put some upward pressure on rents. But I don't think it would really be much as a result of that alone. And another consequence of this is that there would be less commission paid by sellers. I mean, the way it works is that in order to advertise a listing on the database, the MLS, the Multiple Listing Service, are that MLS that populates real estate websites like Zillow and Redfin? Well, in order for that to happen, sellers in most markets they have to agree to pay the buyer's agent's commission as well as their own sellers agents commission. Speaker 1 (00:19:31) - Well, that's the practice that could be scrapped and that could spell trouble for real estate agents. A lot of people have estimated that $30 billion could potentially leave the industry, and some estimate that 1.6 million agents could lose their jobs. See, the way that the system had worked in the past is that one reason that the seller pays the entire 5 to 6% commission for both sides is because it's usually easy for them to do that, since sellers are the ones that have the equity in their property and the buyers often don't. So this could make homeownership even more difficult to qualify for. I mean, if first time homebuyers already had to jump over a four foot hurdle, now it's perhaps a five foot hurdle if this all happens. But there are still legal battles ongoing there in the real estate agent commissions case. Now, as I've talked about before, with this American housing shortage, it's the affordable housing segment that has high demand and is so drastically undersupplied. Now just get this understand that from 2019 until today, the price of a new car rose 22%, the price of a median home rose 42%. Speaker 1 (00:20:54) - And the mobile home price, which is about the most affordable option for housing that rose by a giant 58%. I mean, wow, that is a testament to the major housing shortage at the affordable price points. That really, really spells it out. And if you're confident that the long term play is to provide good, affordable housing like we are here at, you know, there are more reasons to look at loading up on properties like duplexes and triplexes. And for plex's where you can get fixed rates now. And if you wanted to, you could refinance to long term fixed rates later. Now to buy a rate cap for a larger apartment building. That has just balloon in expense for you? Yes, a rate cap buying the what's basically like insurance you buy that puts a ceiling on how high your interest rate can go on larger apartment buildings. You don't have to do that with 1 to 4 unit property. You can just get fixed rate certainty. Now, a couple years ago, rate caps for large apartment buildings, they were pretty affordable. Speaker 1 (00:22:05) - They were inexpensive. It took 40 K, 50 or 100 K to ensure that your rate wouldn't adjust too high. And then once it did, of course the rate cap insurance would kick in. But that same rate cap this year could be nearly $1 million. Yeah. See, a couple years ago, the $10 million loan, you could have bought a 2% rate cap for 60 to 75 K in three years coverage. Well, if you'd want to extend that this year, just a one year renewal, you could probably spend 350 K. Well, that has become prohibitively expensive for a lot of larger apartment buildings. And coming up, one of our in-house investment coaches in the race is going to be joining us from Florida, where they're building new construction duplexes and for plex's affordably. And they're selling them to investors like us at just a 5.75% interest rate. That's straight ahead. I'm Keith Winfield, you're listening to get Rich education. Jerry, listeners can't stop talking about their service from Ridge Lending Group and MLS. Speaker 1 (00:23:18) - 42056. They've provided our tribe with more loans than anyone. They're truly a top lender for beginners and veterans. It's where I go to get my own loans for single family rental property up to four plex. So start your prequalification and you can chat with President Charlie Ridge. Personally, though, even deliver your custom plan for growing your real estate portfolio. Start at Ridge Lending Group. You know, I'll just tell you, for the most passive part of my real estate investing, personally, I put my own dollars with Freedom Family Investments because their funds pay me a stream of regular cash flow in returns are better than a bank savings account up to 12%. Their minimums are as low as 25 K. You don't even need to be accredited for some of them. It's all backed by real estate. And I kind of love how the tax benefit of doing this can offset capital gains in your W-2 jobs income. They've always given me exactly their stated return paid on time. So it's steady income, no surprises while I'm sleeping or just doing the things I love. Speaker 1 (00:24:29) - For a little insider tip, I've invested in their power fund to get going on that text family to 66866. Oh, and this isn't a solicitation. If you want to invest where I do, just go ahead and text family to six, 686, six. This is Rich dad advisor Tom Wheelwright. Listen to get Rich education with Keith Reinhold and don't quit your daydream. It's always valuable for you, the listener and me as well. To have a market discussion with one of our in-house investment coaches were doing that today. Naresh, welcome back onto the show. Speaker 3 (00:25:23) - Is Keith looking forward to talking? Speaker 1 (00:25:26) - Let us know what's happening from your view. I mean, give us your perspective on the real estate market today and any drivers or trends. Speaker 3 (00:25:35) - Look, Keith, I've been working as a real estate investment coach for about four and a half years now. I've been a real estate investor for about six and a half years. I've been working with for two years now, and it's great because it's almost like I'm a leading indicator on what's going on with inflation, what's going on with the housing market, because I see it in front of my eyes in real time. Speaker 3 (00:26:02) - I have it on my spreadsheets that are in front of me. Of all the different properties that were sold or inquiries that we get from clients right now, I am actually seeing a slowdown this month of November compared to the first ten days or the first 20 days of the previous month. There's definitely somewhat of a slowdown. We're getting more complaints or nagging from clients saying, oh, I'm not able to rent out my property for as much as I thought I'd be able to, or my property's been vacant for longer than usual. What this is telling me key is, at least in my state, look, home values vary based on geography. We know that home values are like the weather. The weather is not the same everywhere. For the most part, I think you're going to see that national home values peaked a month or two ago. Rents certainly peaked about two months ago. What I mean by that is we saw rents go up precipitous just going up, up, up since January 2021 nonstop. And they finally peaked. Speaker 3 (00:27:17) - And when I say peak home values, peak rents don't mean that they've crashed. I don't mean that they've gone down. They've just peaked and leveled off. So I haven't seen a decline in rents. I haven't seen a decline in home values from two months ago. I'm just saying they've leveled off. And so I actually expect this inflation or I expect inflation CPI moving forward to go back down. I know that we did see a blip up for a few months, but I think we're going to start seeing things go back down as the fed old rate study appears. They're done raising for good, and they're just going to ride it out with how it is currently. And then once unemployment crosses, probably 4.5%, if at all, that does cross 4.5%, that's when they're going to start cutting. If unemployment crosses 4%, then they're probably just going to wait it out until inflation hits that 2% target. And so what does this all mean for real estate. What does this mean for interest rates. Low interest rates I've talked about peaks. Speaker 3 (00:28:28) - We saw peak mortgage rates. Also it looks like mortgage rates peaked. And they've slowly crept back down not significantly to a point where as an investor you're like, oh let me jump in. No. But think we saw mortgage rates as well. So again, what does this all mean. This means 2024. We're almost a month away from 2024. I think it's going to be a great opportunity to jump in, because you'll be able to catch the real estate market that's going to hit some type of bottom in 2024. You're going to see mortgage rates go back down in 2024. That also means today because remember, Keith, I've come on your show before talking about incentives that providers who we work with, partners who we know personally and who we've worked with for many, many years, we've been offering incentives that make up for this high inflation, that make up for the higher interest rates. And those incentives are very likely going to be gone in 2024 as mortgage rates go back down, as the home values maybe decline slightly. Speaker 1 (00:29:39) - We want to talk about some of those incentives later, about how providers are buying down the interest rate for you on rental property, but rates, I think perhaps the most interesting thing you said, the thing that I didn't expect is that you're talking to some investors out there where they're telling you about how they have more or longer vacancies than they had expected. I didn't think that I would hear that from you. Is that a pretty small sample size, or is that passed by apartments versus single family homes or entry level versus luxury or anything else? Speaker 3 (00:30:13) - I'm talking about single homes, so can't speak for apartments. I'm talking about cookie cutter, entry level, single family homes. This is in multiple different markets. So not just in one city. This is in multiple cities states. We're seeing vacancies. We're seeing, like I said, the rent growth rate that was previously being used six months ago, eight months ago, the property managers have had to use a lower rate because there's been a decline. So it's not surprising. Speaker 3 (00:30:44) - There's just no way that the country would would have been able to survive with rents going up the way they were going up with home values going up the way that we're going up. So there was bound to be a stoppage. And so we've seen that stoppage in home values, we've seen that stoppage in rents. And when I say stoppage again, not a decline in rents, not a significant decline in home values. But they leveled off from their peaks. And that's just how the business cycle works. Every 30 years or so when we see super high inflation, it's not surprising that I'm seeing this. But this is what's going on in the market right now, from Florida to Tennessee and Alabama to Ohio, in Missouri, Kansas City. Speaker 1 (00:31:31) - For about five months in a row now, we have seen wages be higher than inflation. But of course that's just stated CPI inflation. And then there is quite a lag effect there too. If wages do exceed inflation, when will that eventually catch up to higher rents? We don't really know. Speaker 1 (00:31:50) - But one thing we do know over the long term is rents are historically very, very stable, even more stable than home prices. It was so unusual when rents were up about 15% year over year, a year or two ago. You don't typically see that rents tend to stay stable, and they sure are stabilizing lately. What do you have any other thoughts as you look around the market and race? Because you often talk to our followers in there, they get a hold of you for you to help lead them through contracts and connect them with the right properties and providers that can meet their goals. So what are our followers asking about? Speaker 3 (00:32:27) - Our followers right now are fearful, which is very common. Fear always rules people's minds and they're fearful of a crash. And look, there are certain real estate asset classes, commercial real estate, which you've talked about for a while, is going through a decline right now and could be going through a major crash as many of these commercial real estate owners default on their mortgages or their loans, their commercial loans, there is a concern that there could be a crash in the housing market. Speaker 3 (00:32:58) - Meredith Whitney, who really famous real estate banker, I believe the only woman to call the 2008 financial crisis. She called it back in seven. Meredith Whitney came out a couple of weeks ago and said, there's going to be a decline in home values, and I'm here to tell you that there has been a classic line on values. And will that continue? It could continue where there's a, again, a slight decline. So don't see a crash coming. The reason is because I feel like the economy, the banks are much healthier today than they were. And let's say at 2007, the people who have been laid off, we're going to see unemployment continue to go up. It's not the 10% plus that we saw during the pandemic or the really we reached close to that 2008, 2009 or so. I just don't see something systemic to where there's going to be a housing market crash. And it's all about supply. Housing supply is still very low. So until the supply catches up to the demand, think the real estate market is going to stay healthy. Speaker 3 (00:34:14) - And if you're looking to buy an old over a 30 year period, if you're looking to buy and rent for cashflow, it's still a great time. Right now, there's just certain asset classes. Like I said, commercial real estate. Maybe wait for the crash. They're short term rentals. The worst time to get into short term rentals would have been a year or one and a half years ago, 18 to 20 months ago. That space has declined because there has been a decline in travel, leisure, airfare, corporate expenses, the corporate trips. There has been a decline. So we don't promote those often. They're available. What? We don't promote them often, but that's another asset class that could be ripe for, I want to say, a crash, but a big decline when it comes to cookie cutter, entry level Single-Family homes. I just don't see this huge crash that people have been waiting for over the last 15 years. Speaker 1 (00:35:13) - Right. As you know, I've talked extensively about how it's virtually impossible for that to happen. Speaker 1 (00:35:19) - And yes, everyone wants to know what's coming. It surely has been a consensus among analysts and others that mortgage interest rates have peaked and or the fed funds rate is done increasing in this cycle. Many seem to think that next year, if rates come down, that that is really going to push home prices through the roof. I don't know if that's necessarily true, because typically a cutting of rates coincides with an economic slowdown or a recession. So I think a cutting of rates next year that could result in a moderate price increase. But of course, we have to remember that some of that supply is going to come once rates go down, you will have a few more people motivated to sell. You also have a lot more people motivated to buy and that can qualify as well. But the rates think a lot of people really in this cycle lately, when they've seen higher mortgage interest rates maybe than some people have seen in their entire investment life, you know, they feel like they kind of want to get some sort of break, but they sort of want to wait and see what happens with the market. Speaker 1 (00:36:20) - But we actually have something to talk about here where they can get a break. They don't have to wait and see with what's going on in the market. And that's with what is taking place in Florida. Speaker 3 (00:36:33) - That's exactly what's taking place in Florida. We work with a provider who is going to be on with us. We're hosting a webinar with them about a special 5.75% interest rate. The lowest interest rate that we see across the board with any provider we work with from Alabama to Texas, etcetera. So they're coming on our webinar. They're going to promote and discuss that 5.75% program that they have, as well as a 2 to 4 program. That's two years of free property management, 2% closing cost credit into $4,000 release fee. You might say, well, why do I need a $4,000 release a credit? Because their best properties or highest cash flowing properties. Highest returning properties are quads and duplexes. So these are huge breaks that will reduce the amount of money you need to bring to close and look. If you're a high net worth or if you're a high income earner sucking it up and paying the 9% interest rate today. Speaker 3 (00:37:37) - If that's what you decide to opt for with the 224 program, 9% interest rate, or 8% interest rate today, it'll save you on your taxes, the mortgage interest tax deductible, and in 5 or 6 years, you can just refinance, most likely at an ultra low rate, maybe even sooner than that. So still, there are some really good deals. If you work through us, then we can help you find some really, really good programs and incentives so that it's like going back to 2020 or 2021, when interest rates were super low, or when there was less cash that you had for bringing to the same level. So we have that definitely recommend that people check out this webinar. It's great webinars. Com you can register for it over there. webinars.com. I'm going to be on it's Monday November 27th. That's Monday, November 27th at 8:30 p.m. Eastern Time. So people on the West Coast can finish up work, attend the event. People on the East Coast can finish up dinner, put their kids to sleep and attend the event. Speaker 3 (00:38:43) - So I look forward to seeing everybody there. It's a special, special webinar, special deals, special promotions only through the average education. Speaker 1 (00:38:54) - So the 5.75% rate, if I remember from previously narration, it's a ten year fixed rate and a 30 year amortization at those terms. And then is one choosing between the 5.75 rate and the 224 plan that you described. Is it one or the other? Can you get. Speaker 3 (00:39:12) - One or the other? It's one or the other. Because to get that 5.75% rate, yeah, the builder is paying the lender a lot of money. And to lower those points, they're buying points to to get you the investor that rate. So it's one or the other. And by the way, that 224 program the purchase price is negotiable. So that's also why I like that 2 to 4 program. Because you can go back and forth and I can help you out negotiate the price, maybe shape 10 to 15 maybe $20,000 if it's a high ticket item off the purchase price. So makes the numbers look even better. Speaker 3 (00:39:54) - That's my favorite program, the 5.75% program. That might be right for some other people, so that's fair to. Speaker 1 (00:40:02) - Else about the property prices and types. Speaker 3 (00:40:06) - So this provider we work with has single families, duplexes, four plex quads all available. The price points are anywhere from $250,000 to $800,000. Everything is new construction. That's also in flux, as in the single family is just cash flowing much. So I would say go for a duplex or a quad. Duplexes are around $400,000, give or take 20,000 over under, and quads are somewhere between 650 to $800,000. Speaker 1 (00:40:45) - Okay, so these are brand new build properties in Florida. So yeah we're talking about entry level rental homes here. The asset type that seems to have the greatest dearth of supply in housing, entry level single family homes. You just have such a good chance to own an in-demand asset that everyone is going to want over time here. Do you have any last thoughts about this webinar trace, which you're going to help put on for people? That way the participants can ask you questions. Speaker 1 (00:41:16) - They can ask the provider questions, any question they want to, things about the physical property, things about just how they bought down your rate to 5.75% for you, or how they can do the 224 program for you. Those are some of the benefits of attending. You can have your question answered in real time there with narration. Do you have any last thoughts about this event that's taking place on Monday? The 27? Speaker 3 (00:41:39) - Well, you definitely want to register at Jerry webinars. Jerry webinars. We already have more than 50 people registered and now this episode is out. I'm sure we're going to get another 100 or so. Like you said, people can come on and ask some questions, actually talk to us, interact with us. Last time they wanted to these webinars, it went like 2.5 hours. People were having such a great time. We went into the wee hours of the night just talking to all sorts of folks, answering questions. It's super interactive, really educational. The best part is completely free and you get goodies and perks and incentives back in return for ten. Speaker 1 (00:42:17) - Now, look, I know that some of these incentives have got to sound terrific to you, the listener and viewer here. I just want to pull back and take a look at things. More fundamentally. This is truly investing. This is not speculating. You own a piece of Florida land in a house constructed of commodities. On top of that land, from wood to steel to concrete. You already know about Florida's In-migration. We've talked about that at nauseam on the show here, and it's not speculative because you're purchasing something for rent production, not a speculative endeavor. Over the long term, people will pay you in order to live in a property that you provide to them. I mean, this is the sort of thing where you could even if say, you have a spouse or a mother that has nothing to do with real estate knowledge, they don't know anything about it. You can explain this to your spouse or your mother and they would understand. So it's easy to understand where your income comes from. Speaker 1 (00:43:12) - It's really fundamental. I don't know how long the 5.75% rates are going to last, because this same provider had a lower rate a few months ago. I told you then I didn't know how long it was going to last and it didn't last. Now it's 5.75%, which is still a great rate. I really encourage you. Sign up. It's free. It's our live event next Monday night, the 27th at 8:30 p.m. eastern, 530 Pacific. Again, you can email@example.com. What a great update in race. Thanks so much for coming back into the show. Speaker 3 (00:43:46) - Thanks, skeet. Speaker 1 (00:43:53) - If you're unsure about making it on the live event on the 27th, but it interests you, sign up and we might be able to get you access to the replay, but you want to watch it soon because the properties available are limited. And again, I don't know how long the 5.75% rate will last. You think you've heard every amazing Florida In-migration stat by now? Well perhaps not. In the latest year over year, Florida saw 740,000 people moved there. Speaker 1 (00:44:23) - Yeah, basically three quarters of a million in just one year. That is truly astounding. That's clearly the most of any state in the country. And with all the growth, Florida's property market became recently the second most valuable in the US last year that bumped New York down to third place. That's according to Zillow. So this population growth is leading to a prosperity increase in the value of Florida property. So I think a lot of people get focused on these things, like wondering if the fed will raise rates another quarter point at their next meeting, and if that's going to show up in mortgage rates. And they wonder about the mortgage market in the future, and it feels like something that you cannot control. But now you can with this rate, buy down courtesy of the builders. So joining us on the webinar to learn all about it. Again, it's all new build and we make that really clear and spell it out for you. In next week's live event, you get to select from one of the two options. Speaker 1 (00:45:29) - To make it clear here, either a 5.75% rate or the 224 program, which means two years of free property management, 2% of the purchase price and closing cost credit, and a $4,000 lease up fee credit. Sign up. It's free. It's our live event next Monday night, the 27th at 8:30 p.m. eastern at 530 Pacific. Register at GRC webinars dot com. Until next week. I'm your host, Keith Weinhold. Don't quit your day. Great. Speaker 4 (00:46:02) - Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get Rich education LLC exclusively. Speaker 1 (00:46:30) - The preceding program was brought to you by your home for wealth building. Get rich education.
Welcome to episode 4 of "The Re-Education of Nancy Anne Ridder," the podcast where three passionate cinephiles embark on a cinematic journey like no other. Join your hosts, Jar Jar Jeremy, Kevin "Crooksy" Crook, and the ever-curious Nancy Anne Ridder (or "NAR" for short), as they dive headfirst into the enigmatic and chilling world of Wes Craven's "A Nightmare on Elm Street": On Elm Street, Nancy Thompson and a group of her friends (comprising Tina Gray, Rod Lane and Glen Lantz) are being tormented by a clawed killer in their dreams named Fred Krueger. Nancy must think quickly, as Fred tries to pick them off one by one. When he has you in your sleep, who is there to save you? This episode is sponsored by Deadly Grounds Coffee, head over to https://deadlygroundscoffee.com/ and grab a bag if you want to support the show head over to http://tee.pub/lic/xagxfUg22qI and grab a shirt! We are part of The Dorkening Podcast Network https://www.thedorkeningpodcastnetwork.com/ Find out more at https://wicked-horror-show.pinecast.co Send us your feedback online: https://pinecast.com/feedback/wicked-horror-show/cc36328d-bec4-4b57-8b56-d2af9f483246 This podcast is powered by Pinecast.
Today on the Wholesale Hotline Podcast (Flipping Mastery Edition) Jerry breaks down the recent news on an ongoing lawsuit against The National Association of Realtors (NAR). Show notes -- in this episode we'll cover: NAR just lost a massive lawsuit, owing billions in damages and setting the stage for massive real estate commission reform. Jerry breaks down what it means for agents and investors. Please give us a rating and let us know how we are doing! ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖ ☎️ Welcome to Wholesale Hotline & Flipping Mastery Breakout! ☎️ Jerry Norton went from digging holes for minimum wage in his mid 20's to becoming a millionaire by the age of 30. Today he's the nation's leading expert on flipping houses and has taught thousands of people how to live their dream lifestyle through real estate. **NOTE: To Download any of Jerry's FREE training, tools, or resources… Click on the link provided and enter your email. The download is automatically emailed to you. If you don't see it, check your junk/spam folder, in case your email provider put it there. If you still don't see it, contact our support at: firstname.lastname@example.org or 888) 958-3028. ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖
If you still see yourself as just someone who sells houses, you might need to reevaluate. In this market, you should be an entrepreneur. You should constantly be looking for new ways to make money in this market and new ways to capitalize on a shifting market.ResourceDan's WebsiteReal Estate Marketing DudeThe Listing Advocate (Earn more listings!)REMD on YouTubeREMD on InstagramTranscript:00:03:33:13 - 00:04:04:18UnknownSo how do you attract new business? You constantly don't have to chase it. Hi, I'm Mike Webster, Real Estate Marketing Dave. And this podcast is all about building a strong personal brand. People have come to know like trust and most importantly, refer. But remember, it is not their job to remember what you do for a living. It's your job to remind them, Let's get started.00:04:04:20 - 00:04:25:06UnknownWhat's up? Ladies and gentlemen, welcome to Other Up. So the Real Estate Marketing Dude podcast folks, Rome is burning. Things are going all crazy. Holy shit. There's another NAR lawsuit. This one claims to take down the industry. The number two just came out, I think, yesterday. Folks, this is not going away. And what's going to happen? Sorry, my mic's like pulling on me.00:04:25:06 - 00:04:43:04UnknownBut what's going to happen is that the cream is going to. What's up? What's the saying? The cream rise of the top or what am I trying to say? Cream rises to the top. I think that's what what I'm trying to say. But that's what's going to happen. This is like a what's the DA wisdom rule called survival of the fittest.00:04:43:04 - 00:05:08:11UnknownRight? That's what's going to happen. Survival of the fittest right now. And people are freaking out. I'm loving it. Like, not that people are freaking out, but I just see nothing but giant opportunities because I love paradigm shifts in the market when everything is going so smooth, so easy, no one changes and you become complacent. And that's that complacency that's got you kicking yourself in the pants right now because you haven't changed in the market.00:05:08:11 - 00:05:25:18UnknownJust caught you with your pants down. And when that happens, you have to change. And so many people are just stuck right now. They're like still like me and they're not doing anything. But folks, if you listen and pay attention, if I told you last quarter here, it's just going to be about what to do when that shit changes and this is going to be one of those shows.00:05:25:20 - 00:05:42:24UnknownSo we brought on Coach Dan Gordon and Dan is going to go out and Ganz. A whole brand is for bad ass entrepreneurs only. Okay, so we're going to talk to you about entrepreneurial ism because you're not another salesperson chasing a check. You're selling houses in real estate. You're you don't work for your broker, you work for yourself.00:05:43:05 - 00:06:00:03UnknownAnd if you're not positioned as an entrepreneur or you don't view yourself as an entrepreneur, I will promise you you're going to be out of business in the next 6 to 12 months. So without further ado, let's go ahead and introduce our guest coach. Dan, what's up, Dan? Mike, thank you. Thank you. Thank you for having me. I just.00:06:00:03 - 00:06:22:09UnknownI love what you shared. I am a big fan of things changing. I'm a big fan of things breaking in. I'm a big fan of things failing because in breaking, failing and changing, that's where you learn the most about yourself. That's where you grow. But as human beings, we are designed to avoid new things. It's just it is endemic in our humanity.00:06:22:14 - 00:06:46:07UnknownAnd your ego, like the part of you that keeps you safe, tells you don't do anything new. And when something new happens, it says, run away from it. Yeah, but look, I have studied successful people all of my professional career and the one throughline of every successful person I'm talking from Richard Branson to Dr. King was the Theresa.00:06:46:09 - 00:07:11:14UnknownEverybody who has made a splash in the world. They have run towards change, not away from that. Now, it's an easy thing to say. I mean, that's a refrigerator magnet, that's an Instagram post. But how do you do it? Right? It reminds me of like when I went skydiving, I was all about skydiving too. My instructor rolls open the door at 10,000 feet and I'm like, Holy shit at this.00:07:11:14 - 00:07:37:08UnknownIt just got super real. Yeah, that's so here's the here's the first thing I want you. Thank you, Mike. You too, listener to remind yourself of. And that is, I'm safe no matter what's going on. That's different or crazy or you're worried about actually, you're safe. And it is in worry that you shut down your creative pipeline and things get worse.00:07:37:10 - 00:07:58:03UnknownSo worrying does not help. We only worry because we. Because we feel like we're in control. If I'm worried about something, I'm taking action. You're not. You're actually limiting yourself. So the first thing you have to do is you have to surrender, worry And and remember, if something was going to take you down, it would happen by now.00:07:58:05 - 00:08:25:18UnknownYou know, the fact and I love realtors, I love people who are in real estate and I've worked with over a thousand entrepreneurs. And the thing I love about people in real estate is they work harder because they have to. It's a really weird business. You begin a real estate business at a very high dollar product, and most people who get into business to not start at a high dollar product, you guys jump right in to the fire.00:08:25:20 - 00:08:51:24UnknownAnd so because of that, it is so important that you connect with your clients on an emotional level. Thank you at all. Right. And so what that means Wait, everyone has commission breath, though. Everyone's out there selling their Have you seen interest rates that here's the post going around social media right now. You know, here's what happened in 1972 when buyers waited for interest rates to come down.00:08:52:01 - 00:09:34:13UnknownI'm like, Quit selling your shit, dude. Like, why do you always have to sell, stop, start, stop selling and start serving people and watch what happens? Like exactly. You can't be a salesperson anymore. Like you you, you are in sales. Okay? But anyone in sales isn't good unless they're great at service first. Yeah. And. And what you're saying about sales, the the perfunctory term of sales is that everybody hates salespeople because the way that salespeople act now, if you are selling in that way, you aren't a salesperson, you're con artist, you're trying to convince someone to buy something.00:09:34:15 - 00:10:00:23UnknownIf and we've all had those experiences where we bought something and think, Wow, the person who sold me this, they weren't like a salesperson at all. They just helped me. But that's what you have to do. So we've been looking at condos in Long Beach, right? And the thing that's so fascinating about this, the the realtors that we've talked to is so many of them, just like you say, Mike, they're just pushing product.00:10:01:00 - 00:10:21:00UnknownHere's what I want to hear. And I've never heard this once, but for my clients who are salespeople, arms who are real estate agents, I've told them to do this and it works like a charm when someone walks into a house that you're selling, you greet them and you say, Hey, can I tell you the thing I don't like about this house?00:10:21:00 - 00:10:36:08UnknownAnd the three things that I love about this, I see that all the time. I used to trash fucking house and I'd be like, just because, like, honestly, the first showing was like, I always set up a decoy showing because on the first show, no one knows, no matter what you guys like, you guys know the business. Like people say they want this.00:10:36:08 - 00:10:49:01UnknownThey never end up buying what they fucking end up saying they want buying from the beginning. So I always threw a bomb in the middle, especially on the first groups of showings. And I was there to earn trust and I'd be like, Dude, I wouldn't like that. I want to let your grandma buy this house with a ten foot pole.00:10:49:03 - 00:11:05:18UnknownGet the fuck out of here. Like, there's no way in hell I'm letting anyone buy this house and I'll talk them out of the sale. But you're right, because what happens is that people are just like, Damn, that guy's looking out for me. And I hate those. The little things are what generate referrals, guys, those little things and all those dos being best interests.00:11:05:18 - 00:11:24:22UnknownMy client. Like, if you're worried about yourself, then why the hell would you let them? Like, we just called moral responsibility, dude. Like, I don't. To me, that's common sense, but there's a lot it is people that it's not to it's scary. And you guys are the ones that are going to get your ass kicked as this lawsuit changes.00:11:24:22 - 00:11:43:12UnknownAll right. And it is scary. And the scary part is, is that you put all the time and all this effort into work it into something and you get nothing from it. Right. And when that happens over and over, you get traumatized. I mean, straight up, you get traumatized by it and you're worried. This is what I was talking about earlier.00:11:43:12 - 00:12:07:14UnknownYour worries starts telling you a story that it's going to happen again. But the only way is going to happen again If what if you don't do something different? Okay. So I love I love what you said. Trash the place you will gain so much yardage by telling someone I do not like this about this house. And if you buy it, you have to be aware that this exists.00:12:07:16 - 00:12:33:08UnknownAnd we were looking at this condo and and it was next door to this big apartment complex. And we said, you know what? We're worried that it's going to be noisy. And the the realtor said, oh, they're no, they're really quiet. Right. Like, he knows every person in the apartment complex, like my good. Mike Oh, shit. Mike So what he should have said is, how did you feel, though, right when he said that what you do like internally, you're probably like, Fuck you.00:12:33:09 - 00:12:55:19UnknownThis guy's like, I didn't do anything internally. I laughed at him. Did you still use him? Well, no, of course not. See, we. Do you see those guys? But if he had said, Look, you're right. It could be. It could be. No, you see, I don't know. I would spend the night here. But the fact is, this place is $100,000 cheaper than the one down the street.00:12:55:22 - 00:13:16:15UnknownIt looks exactly like this that doesn't have an apartment complex next to it. So you're going to have to trade either a potential for some noise or spending an extra 100 k. And I'm I'm glad either way I remember a glad sorry to me after yes I'm sick. That would have made me trust him. That would have made me say, you know what?00:13:16:15 - 00:13:41:05UnknownRight. But you cannot any objection that somebody has. You cannot counter that objection by trying to convince them that their objection is real. You start with this. Hey, I get it or that makes sense. Whatever they say, start with, Hey, I get it or that makes sense. And you will gain their trust, Be on their side. Do not be on your side.00:13:41:05 - 00:14:12:01UnknownNobody cares about you. They care about themselves. So don't just promote the house like it's lipstick on a pig. Be honest, be authentic. Even if they don't buy that house, they're going to come back to to you, which is how we got our realtor in Long Beach. It's somebody who did that, and we picked her up. And when I was selling real estate in Chicago, one of the listings I took didn't hire their previous agent, and I'm not going to call them out, but you know who you are calling you scumbag.00:14:12:03 - 00:14:33:10UnknownBut anyway, anyways, I guess when she bought the house and I lived on it, if you don't know what the deal is, it's a train. Okay? Oh, yeah, Yeah, for sure. And if you live next to the train, that thing is loud. I lived on the hill for three years, so I know it front and hand. And he told this buyer that was now my seller at the time that.00:14:33:13 - 00:14:51:19UnknownOh well the, the CTA is going to go ahead and put rubber. They have plans to put rubber wheels on all the all trains and that's going to actually increase your value because the only reason this is a good price right now is because the property is next to the L train. But once that noise factor goes away, you're like into a 10 to 15% equity cushion.00:14:51:19 - 00:15:06:06UnknownNo doubt. I'm like, Huh. You think they that that train is louder now than it's ever been since it's been alive there. But same thing. You just talk some into it and look how much you what was the opportunity cost on that? Right. Well, I got to listen a couple of years later and that turned into buy two.00:15:06:06 - 00:15:36:09UnknownSo be honest. I like it. Let's go to the point in time in your at surrender. Yeah. And then what's next? Listen to what people are saying like and you have to listen to people beneath their words, right? So if somebody says it's too expensive, what are they really saying? They're saying, I'm afraid I'm going to spend a lot of money and I'm not going to get value out of this.00:15:36:11 - 00:15:47:04UnknownI'm not going to get what I want. And so, again, someone says it's too expensive. Like, yeah, I know the market is crazy right now.00:15:47:06 - 00:16:24:01UnknownIt is expensive, but let's talk about what it is that you want to so you get someone to open up. Just get them talking about their feelings because people do not buy based on logic, they buy based on emotion. People don't buy on price. They base, they buy based on emotion. And if you are not talking with someone about emotion, about the things that they want, about the things that they're concerned about, but the things that they love, then you're having a conversation that is happening.00:16:24:01 - 00:16:47:07UnknownIt's like talking to someone across a courtyard and yelling back and forth at them as opposed to being right up with them and chatting with them like I'm when when I talk with someone, one of the first things I say is, Hey, what's the best thing that's happened to us so far today? Right? Because it gets them into what their feelings are.00:16:47:13 - 00:17:07:11UnknownSo whenever I walk into a or whatever, we we walk into a condo that we're looking at, it's always the same questions. How long have have you been looking? Have you been looking in the area and do you have in your head? Yeah, right. And those three questions are designed to get business out of here. Got question number four?00:17:07:12 - 00:17:26:21UnknownCan you please sign in here? Yeah. Oh, can you please sign in here? Give me your give me your Social Security number where you live and everything else. And so I could call you and try to close you. I saw you on something. Stop asking people to sign it. Stop it, Stop it, Stop it. Please, Please. Unless they show interest in you.00:17:26:23 - 00:17:42:22UnknownLook, if people dated or tried to date the way that people try to sell. This is how. This is how it would go. You'd walk up to someone in in the bar and go, Hey, give me your phone number. And then they'd be like, Wait, what? Like, Hey, what do you say we go back to my place? I would think it'd be the other way.00:17:42:22 - 00:18:03:23UnknownYou didn't ask for the phone number. You're just saying that there is no phone number. I just go back to my place. You have to warm people up, and you have to really be focused on what they want, how they're feeling, what they're struggling with. You know, it's when someone walks in, say, hey, you know, how was your buying?00:18:04:00 - 00:18:25:14UnknownYou know, how is your house shopping experience going? I and they're going to say, yeah, it's been a little rough. Yeah. Yeah, I bet it is. I mean, I don't I don't envy you. Yeah. You know, I mean, you know, it's. Yeah, it's rough selling houses, but you have it worse. I show that you understand them. Go to where they are.00:18:25:16 - 00:18:53:04UnknownLet me ask you a question. Just switched this topic up a tad. And like, right now you have 8% interest rates essentially. Hmm. Properties are way overvalued. The others and if they're not, they're they're expensive. Like they don't come down but like just it's simple math to me. Like there's only so many people that can afford so many houses at some time, but when it's at 8% rate.00:18:53:04 - 00:19:11:00UnknownSo not only that, but then you have this NAR lawsuit that comes into the mix. Yeah, Realtors are already having a bad year. They're already people are quitting left and right, like it's happening. Like, of course it's going to move. Transactions are down 30%. Of course you're going to lose agents or just common sense. But what do you tell someone right now that has all this this adversity and challenges?00:19:11:00 - 00:19:27:01UnknownBecause they're look from agents and I understand, guys, you're going to have to change. But I understand they are scared. And what do you tell them right now? They're go they're my reality is commission compressions real right. You guys are going to be getting 5% on a listing anymore. It's just not going to happen. Like you could start.00:19:27:01 - 00:19:41:10UnknownMy guess is my guess is going to go down to about one and a half percent would be what I would anticipate. My side's going down, too, which means it's going to be cut like 40%. I don't think it can happen overnight. I think it's going to be like five years from now. However, what do you tell someone with that?00:19:41:10 - 00:20:07:13UnknownWhat what what is the opportunity now? Well, every entrepreneur who comes to me has a reason why they're not selling. It's the economy. You know, it was COVID. It's my mother in law, Right? It's this. And what I say to everybody is somebody's selling right. Right now there somebody with a lot of money spending a lot of money on something really expensive.00:20:07:15 - 00:20:31:06UnknownWell, who is that person selling it to them? What are they doing? And the big question is, have you invested your time and energy in learning how to sell better? Have you watched YouTube videos? Have you talked to people who are doing well? Have you researched online people in your area, realtors who are selling well? Have you had lunch with them?00:20:31:08 - 00:20:57:16UnknownRight. Not to pick their brain, but just say, hey, I just like get to know people in your business who are doing well in your business. You don't have to buy anything from them. Just get to know them. Yeah. Because there is a way that you are being if you are struggling that is not working. And if you try to keep doing more of this same thing, it's like driving faster in the wrong direction.00:20:57:18 - 00:21:16:17UnknownSo it's up to you to to find out. And I and I actually like to help all of you. I have a giveaway kind of give your audience something to shoot. Okay. So I have a book called Jump in the Gap, Kill Your Story and Take Action. And this is a book that I wrote about seven years ago after I lost everything.00:21:16:17 - 00:21:38:13UnknownAnd in a month I lost $70,000. I lost my marketing company. My world went to shit eight months later, I walked out on stage in Dallas, Texas, being paid $10,000 for my first speaking gig. Now the journey from the floor to the stage was all about changing the stories in my head. What I believe, like the real estate market is crap.00:21:38:14 - 00:22:04:03UnknownThat's a story. Now, of course, in the 3D world, you can point to it and say, Yeah, it's actually happening. But I'll say again, somebody is selling houses, somebody's buying houses. You can be that person. So changing your story is the beginning. So to get my book, it's free. Just text the word gap GAAP to this number 2134 or 9836x2134098366.00:22:04:03 - 00:22:32:20UnknownText the word gap GAAP to 2134098366. Text the word gap and you can download. It's a quick easy read. And so many people have told me, Wow, this really blew my mind. I thought these things that I believed were real. Turns out it was just a story. And the great thing when you stop telling yourself stories, you can get the people that you're selling to to stop telling themselves stories like it's too expensive.00:22:32:20 - 00:22:55:03UnknownNow isn't a good time. I'm not ready. Those are all stories. Yeah. Jumping the gap is about moving yourself and moving other people from one side of where they are, where they don't want to be, to the other side, where they do want to be over the gap of their fears. And the only reason that you're struggling right now is because you have fear.00:22:55:05 - 00:23:26:03UnknownYou have fear that you're not good enough. That is not going to work and you're afraid of investing yourself in learning new things. Because when you learn new, new things, there is you realize the shit ton of things that you don't know. It's it is. It's terrifically intimidating. Oh, wow. I have to learn all these new, new things and but it's the only way when I change my my life, I had to learn so many new things in such a short period of time.00:23:26:05 - 00:23:50:12UnknownAnd it was really hard. But you know what I got used to? I got used to not knowing things and I got used to failing and not knowing things. And failing is the best way to turn your life around in. Sounds like we're very similar stories in our personal lives, but you guys look what is is absolutely true.00:23:50:12 - 00:24:10:22UnknownLike until, you know, I say survival of the fittest. It's like the squirrel is out there, figures out where the nuts are, right? He's just going to figure it out. Animals figure it out, and you'll just figure it out, too. But you have to change, like and that's the opportunity there is right now. And it is reluctant. I remember when I was making so much money that my ego was so big that I was my own worst enemy.00:24:10:24 - 00:24:33:10UnknownAnd what and what ended up happening was I wouldn't change. Like I couldn't at that time, I couldn't even like book appointment on my own calendar because I'd have someone do it for me. I couldn't even I couldn't even do the most basic shit. Like, seriously, I'm embarrassed about that whole time in my life. And it wasn't until I went broke that I had no money, that I had to just get back and figure out myself.00:24:33:10 - 00:24:56:21UnknownBut it took the complacency that I was at like the 3 to 4 year period. Whenever that was two, three years, whatever it was fucked up my mind so bad that I literally couldn't even do anything like I could. I was just so used to having everything done for me and everyone saying yes to me, whatever the fuck I wanted to do that When I when everyone left and the money was gone, I couldn't even fucking put on my own damn pants, dude.00:24:56:21 - 00:25:17:20UnknownLike, it was embarrassing and it took that. I don't know if the word is, but it took that experience, that humble, humble humbleness, I guess humbling experience to literally, like now I'm it's like if I won't let anyone do anything I haven't done first because I have to do it like especially now, business are growing. I'm hiring, I'm doing this doing that.00:25:17:23 - 00:25:34:08UnknownYeah. And I don't believe you can run any company without something you haven't done yourself. At least be lead of it. And I'm I'm putting myself in all those positions. I personally will shoot videos of people. I personally done all this stuff. I grinded it out because I know the process. I'm perfecting the process. Then I'll teach somebody else.00:25:34:10 - 00:25:49:22UnknownAnd when I teach not to somebody else, until they're ready, they're going to do with another person. They're going to do it in another person. And I can keep fucking going until I have 20 of you guys, right? And it's just same thing. Like, I'm going through a lot of reflection right now. I read two books this month I haven't reread.00:25:49:24 - 00:26:08:11UnknownI wrote two books this month. I haven't read a book in fucking five years. Well, you know, I, I in the gap that I'm going to business church event tonight. Yeah. Sign up for a conference. I'm. You have to do this stuff, guys. Like, I'm pushing myself out. I'm doing it. But you have to do it too. And that's the opportunity, the business.00:26:08:11 - 00:26:33:17UnknownIf you stick around with all these Debbie Downers and people doing the same shit, you're going to be one of them. So you have to get out, go to these events, fly across the country, call Coach Dan, fire people, get with people, listen to people, read, do everything you weren't doing 12 or 18 months ago. We're closing doors in Be afraid like seek discomfort.00:26:33:19 - 00:26:59:12UnknownYeah. Things that you don't want to do. Do those things. If you find yourself comfortable in conversations, you're talking to the wrong people. If you're if you're unloading with someone and you're both griping about the industry right now, you're talking to the wrong person. Yep. If you are not talking to someone who is doing ten times better than you, you are wasting your time.00:26:59:14 - 00:27:22:11UnknownYou always want to be the dumbest person in the room. You're your industry is changing dramatically as all industries are. You got to stay on top of the wave and that's going to mean investing yourself in doing the things you don't want to do because that's what every successful person has done throughout history. I like it. Why don't you tell them one more time?00:27:22:11 - 00:28:04:09UnknownYou get that book? Yeah. Jump in the gap, kill your story and take action. Just text the word gap GAAP to 1340983662134 or 98366. Text the word gap GAAP. Appreciate coach Dan appreciate you guys listening folks if you like that change it's time to go ahead and check out the software we just released referral suite dot com that's WW W that referral suite dot com it's as yet just like the popsicle and the reason why is because the industry is changing we're changing with it so for all of you that stop and you neglect your database because that's the reality where the business really comes from the people you know, like a trust and like00:28:04:11 - 00:28:21:10Unknowntrust you, well, now's the time to change and start marketing them, right? If you're not generating ancillary streams of income with your service from companies like solar Mortgage and all these other streams of income that you're literally just passing by, well, you need to check out referrals. Me folks, build a brand. Your brokers are going to do it for you.00:28:21:12 - 00:28:40:21UnknownYou work for yourself. I don't care who you work with or where you hang your license, now's the time to do it. Put on your big boy pants. See you on the other side. PS Thank you for watching another episode of the Real Estate Marketing. Do podcast. If you need help with video or finding out what your brand is, visit our web site at WW dot Real estate Marketing dude dot com.00:28:40:24 - 00:28:56:14UnknownWe make branding and video content creation simple and do everything for you. So if you have any additional questions, visit the site, download the training and then schedule time to speak with the dude and get you rolling in your local marketplace. Thanks for watching another episode of the podcast. We'll see you next time.
WeWork goes bankrupt, buying a house is deemed a "bad" idea, and Zillow stock has a fire sale thanks to the recent NAR lawsuit verdict. In other words, it's just another day in the 2023 housing market. Didn't have time to catch up on the news? Don't worry; we'll get you up to speed on everything happening in the world of real estate and how YOU can take advantage of this rocky market. First, we'll talk about how the NAR lawsuit verdict sent ripples throughout the economy, sending real estate-related stock prices way down for companies like Zillow, Compass, and Redfin. This verdict could mean a devastating blow to brokerages across the country, so what will the future of buying and selling be like? Next, we discuss commercial real estate's continuous slog and why top commercial executives expect an even SLOWER 2024. But there is some good news for buyers… And if you love little offices and coworking spaces, we're sorry because WeWork filed bankruptcy earlier this month as the office space gets battered. Finally, we'll finish with a recent headline about how HALF of America thinks now is a BAD time to buy real estate. Are they wrong? Are they bad at math? Should you still be buying? We'll answer all that and more on this episode! In This Episode We Cover: The NAR lawsuit's ripple effects that will affect the entire real estate industry Commercial real estate's sales slump and why 2024 could bring even better deals Why WeWork Won'tWork and what their massive bankruptcy means for the office space America's ongoing housing market pessimism and why buying with high mortgage rates ISN'T such a bad idea And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram NAR Slapped with $1.8B Lawsuit Payout, Ripple Effects Could Be “Enormous” Stories Mentioned in Today's Show: Zillow Commercial Real Estate WeWork Home Buying Sentiment Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-160 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email email@example.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Recruiting Mastermind hosted by Mark Johnson, Managing Partner of Recruiting Insight.Do you have visibility of your recruiting pipeline through licensing? Our ThirdPool and The CE Shop solutions give you more visibility to agents in your recruiting pipeline. Plus, the Agent Essentials modules provide a deep resource of tools that enable retention and attraction with relevant content to your agents and prospective agents. Worried about the NAR verdict? During this session, we will cover some of the material available to help broker-owners, managers, teams, and agents better articulate their value, offering, and fees. During our Mastermind, Mark, Nate, and Josh will cover many of the best practices for license visibility and continuing education to drive growth in your firm. Learn more about Recruiting Insight by visiting: https://recruitinginsight.net
On this episode of The MindShare PodCast we discuss 3 Factors Impacting Your Real Estate Business Right Now, and What To Do About Them.No guest, it's just you and me this week.The Real Estate Market has shifted. These final weeks of 2023 are pivotal to the success you achieve in 2024. And 2024 will be no better than the year we are finishing right now, in fact it's expected to get tougher. So recognizing which factors are impacting your success is crucial to your success, and there is no better time than right now to do this.Some key points of what I cover in this episode: - people are on the fence, what they are saying and thinking- what the media is leading everyone to believe- what you need to be saying to your audience- recent announcements by NAR and RECO, and how it is impacting you- how to navigate the potential changes that are coming to organized real estate- business planning season is in full go mode- what you need to do right now, to have a plan for the new yearDon't be like most people who get caught up in the drama, who get distracted by the noise. We all know this, and we've learned it ever since we were little – if you want something, you need to be the one to make it happen, no one is going to do it for you!Thanks for tuning in to this episode of The MindShare PodCast as we talked about - 3 Factors Impacting Your Real Estate Business Right Now, and What To Do About Them .Get your FREE gift on my homepage at www.mindshare101.com just for tuning in!I'd also be really grateful if you could take a quick second to go www.ratethispodcast.com/mindshare101 to rate the show for me.And we haven't connected yet, send me a message!Facebook: facebook.com/mindshare101 Instagram: instagram.com/davidgreenspan101Youtube: youtube.com/@DavidGreenspanLinkedin: linkedin.com/in/mindshare101
We are finally starting to see the fall out from the Sitzer/Burnett verdict against NAR and several real estate brokerages. Lawyers and plaintiffs are lining up all over the country and filing lawsuits against real estate brokerages. Today, I examine the "Mother of all Commission Lawsuits" plus the Spartanburg lawsuit against Keller Williams. I will also give you several ways to protect yourself in this new era. Don't forget to like us and share us!Gary* Gary serves on the South Carolina Real Estate Commission as a Commissioner. The opinions expressed herein are his opinions and are not necessarily the opinions of the SC Real Estate Commission. This podcast is not to be considered legal advice. Please consult an attorney in your area.
On today's episode, Editor in Chief Sarah Wheeler talks with Jessica Lautz, deputy chief economist and vice president of research at the National Association of REALTORs, about NAR's economic trends forum and takeaways from their 2023 profile of buyers and sellers.Related to this episode:Typical homebuyers made $107,000 annually, used a real estate agent in 2023: NAR surveyHousingWire's YouTube ChannelEnjoy the episode!The HousingWire Daily podcast examines the most compelling articles reported across HW Media. Each morning, we provide our listeners with a deeper look into the stories coming across our newsrooms that are helping Move Markets Forward. Hosted and produced by the HW Media team.
In this episode, I share my personal journey and the impact of stepping out of my comfort zone – and how I ended up speaking at NAR. From battling self-doubt, I highlight the importance of faith, conquering imposter syndrome, and the crucial role of supportive connections. I share five key lessons that I learned from this experience such as: stepping out of your comfort zone feels hard – but only because its new, and how to overcome fear and getting out of your own way. Realtors, It is important to take action to break free from self-imposed limitations, embrace the failures, and watch what can happen. It is time to breakthrough your ceiling so you can see what is possible. Remember, you are worthy of a purposeful, joyful, and abundant life. Thanks for tuning in. Want to learn more about me and my work? Follow me on IG at www.instagram.com/vanessafranzbarnes BUT, if you are ready to elevate your real estate business and unlock and unleash your full potential, you can work with me NOW by clicking on the link and learning more about my 6 week 1:1 coaching program - https://bit.ly/6weekswithvanessa
As the world turns... Mom and Dad are here to help but they can't help the NAR!! NAR is pledging that they will appeal and win the Sitzer Burnett decision and members of NAR Boards are getting sued in a new case in Texas! AND we talk about the big investor pullback in the Sunbelt but there is good news for buyers as rates have decreased and SELLERS are giving buyers concessions. But.. how are mom and dad helping buyers in this market? They got the money! Join the conversation for Episode 254!
Ever felt like your goals were just numbers on a page, detached from the life you truly desire? Meet Angi Bell, a renowned coach whose expertise stretches far beyond Northeast Florida, guiding real estate professionals to excel in their field. Angi advocates aligning our goals with our deepest aspirations, creating a plan that genuinely resonates with who we are. In this enriching conversation, Angi reveals a comprehensive strategy for success, where we'll not only identify our core desires but also craft a holistic business plan. This plan goes beyond financial targets, seamlessly blending our professional ambitions with the lifestyle we dream of. Communication lies at the heart of Angi's philosophy. She highlights the power of authentic, heart-centered conversations that build unshakable trust and confidence with our clients. This is more than just transactions; it's about connecting on a deeper level. Our discussion doesn't stop at personal success strategies. We dive into the current shifts in the industry, exploring the impact of the NAR lawsuit. Angi sheds light on the potential clarity these changes might offer consumers about the unique value real estate professionals bring to the table. What's more? Angi's insights into leadership dynamics, drawn from her work with John Maxwell and Tony Robbins, offer a deeper understanding of success psychology. These insights equip us with the tools to navigate the ever-evolving market. Join us for an engaging episode where Angi Bell shares invaluable expertise, lighting the way for us to thrive in the ever-shifting landscape of the real estate industry. It's a journey toward crafting our path to success in 2024 and beyond. 00:00 - More Than Numbers: A Lifestyle-Centric Business Plan 10:02 - Building Relationships, Building Success 20:17 - Sharpening Skills and Showcasing Value in Uncertain Times 29:21 - Cultivating Leadership Through Coaching 36:59 - Thriving in Real Estate's Ebb and Flow "You'll never reach your full capacity unless you're willing to interrogate your current reality." – Angi Bell “The reality is that leaders anticipate and losers react.” – Angi Bell "It's interesting that so many people get into business and think I should know how to do this and I shouldn't need someone to help me. That's insane." – Angi Bell "This is business. This is real estate. Just like the economy, it is all cyclical. And so we are in the winter. But spring always follows winter. Are you going to be prepared?" – Angi Bell To contact Angi Bell, learn more about her business, and make her a part of your network, make sure to visit her LinkedIn profile and her website: https://www.linkedin.com/in/angibell https://angibell.com/ http://angibellconsulting.com/ Brought to you by Streamlined Media: https://streamlinedpodcasts.com/ MAKE SURE TO LIKE & SUBSCRIBE so you never miss a single value-packed episode of Real Estate Excellence!
On today's episode, Editor in Chief Sarah Wheeler talks with Managing Editor James Kleimann about the latest two commission lawsuits and what those mean for the wide range of defendants.Related to this episode:Commission lawsuits pile up: NAR, Keller Williams named in new South Carolina caseCommission lawsuits spread to ManhattanHousingWire's YouTube ChannelEnjoy the episode!The HousingWire Daily podcast examines the most compelling articles reported across HW Media. Each morning, we provide our listeners with a deeper look into the stories coming across our newsrooms that are helping Move Markets Forward. Hosted and produced by the HW Media team.
Welcome to GoGaddis Real Estate Radio, your trusted source for all things real estate. I'm Cleve Gaddis, your personal real estate expert. In today's episode, we shine a spotlight on the charming neighborhood of Ansley at Pilgrim Mill in Cumming, Georgia, and provide crucial updates on the recent NAR lawsuit. Segment Teaser: Get ready for an enlightening show: Neighborhood Spotlight: Ansley at Pilgrim Mill: We kick things off by introducing you to the delightful Ansley at Pilgrim Mill neighborhood in Cumming. As Thanksgiving approaches, this spotlighted community seems even more fitting. Discover what makes this neighborhood special and why it might be the perfect place for your next home. NAR Lawsuit Update: We dive into the updates surrounding the lawsuit against the National Association of Realtors (NAR) and seven brokerages. Just weeks ago, we discussed the lawsuit's details, and now, there are significant developments. A Missouri jury has found NAR and these brokerages guilty of conspiring to inflate commissions. We share the details of this landmark case and the new nationwide lawsuit filed in its wake. Listener Engagement: We value your questions, comments, and feedback throughout the show. Whether you're interested in Ansley at Pilgrim Mill or curious about the NAR lawsuit and its implications, feel free to reach out. Your insights matter, and we're here to provide clarity. Thank you for joining us in this episode of GoGaddis Real Estate Radio. We're excited to showcase the beauty of Ansley at Pilgrim Mill and provide you with essential updates on the NAR lawsuit. Together, we'll explore real estate opportunities and stay informed about industry developments. Host of GoGaddis Radio, Cleve Gaddis, has been a fixture in metro Atlanta real estate since 2000. He has served Atlanta since 1987 by helping thousands of buyers and sellers make smart decisions. As a Co-Team Leader of Modern Traditions Realty Group, he is able to help clients and real estate agents alike. He has the heart of a teacher and is passionate about helping listeners learn the ups and downs and the ins and outs of smart home buying and selling all throughout metro Atlanta. If you have a question for Cleve, click here : https://gogaddisradio.com/ask-a-question If you are looking to buy or sell your home with Cleve, click here : https://moderntraditionsrealty.net/contact If you are looking to join a real estate team, click here : https://moderntraditionsrealty.net/career-opportunity Vote for Modern Traditions Realty Group for Best Real Estate Team in Gwinnett County, click here: https://www.guidetogwinnett.com/best-of/vote/real-estate
Listen now as Tim and Julie Harris discuss exactly what agents should be doing now as a result of the commission sharing lawsuits. Welcome back to America's #1 Daily Podcast, featuring America's #1 Real Estate Coaches and Top EXP Realty Sponsors in the World, Tim and Julie Harris. Ready to become an EXP Realty Agent and join Tim and Julie Harris? https://whylibertas.com/harris or text Tim directly 512-758-0206 IMPORTANT: Join #1 Real Estate Coaches Tim and Julie Harris's Premier Coaching now for FREE. Included is a DAILY Coaching Session with a HARRIS Certified Coach. Proven and tested lead generation, systems, and scripts designed for this market. Instant FREE Access Now: YES, Enroll Me NOW In Premier Coaching https://members.timandjulieharris.com 1. Commit to using a Buyer Presentation to 100% of your buyer prospects, 100% of the time. In your presentation, you will discuss what the buying process is, what your buyer client can expect from you, what you expect from them, how Agency works, and how you'll be paid. 2. Always state the fact that commissions are now and have always been negotiable. The fees or percentages are set by the broker and their client. REAL ESTATE LEADS, LEADS and more LEADS: Question: What is Tim and Julie Harris's favorite PROBATE LEAD PROVIDER? Simple, https://alltheleads.com/harris 3. Have your Buyer Presentation as early as possible in the relationship and practice maximal transparency regarding both their choices and your terms. 4. When presenting to your Seller prospects, be very clear in discussing how offers of compensation are made from a listing broker to a buyer's broker. Be clear about terms and amounts and always present a Seller's Net Sheet. Ready to become an EXPIRED Listing Agent? As promised, here is the discount link for the EXPIRED LISTING LEADS: https://www.redx.com/affiliate/tim-and-julie-harris/?aff_code=670699 5. Know how to present several different scenarios to your buyer clients regarding how you will be compensated: -Through offers of compensation via the listing broker of the home they wish to purchase, asking for seller's concessions if that offer for your compensation isn't present, a combination of both, or simply paying out of pocket if you're not otherwise covered. When and How Should You Discuss The Lawsuits and Verdicts With Your Prospects and Clients? Talking Points. Note: Don't bring up the lawsuits as a talking point with prospects, clients, or customers unless they ask you to. (Don't create an objection where there isn't one!) It's a fluid situation that we will keep you updated on. If you do get questions about the lawsuits, try to keep your conversations short and factual. Here are some talking points to help: 1. The National Association of Realtors (NAR), has stated they believe the jury in the Sitzer Burnett case reached an outcome that is '"neither supported by the law nor the facts presented in the case". NAR plans to appeal. The appeal process could take months to get resolution. Currently, nothing has changed. 2. The trial was concerning a rule, which is already quite consumer-friendly. That rule applies to local MLSs where listing brokers offer compensation to buyer brokers who have introduced a buyer client who wishes to purchase a listed home. 3. Remind the person you're speaking to that agents and brokers are paid $0 until a closing occurs, and that closing is based on the written agreement between the buyer and seller. 4. The way commissions are paid has created an efficient, market-tested, transparent sales environment where sellers often receive more showings and more offers, and sell their homes in less time at a higher price than had they not offered buyer broker compensation. 5. Communication and transparency is key. If and when commission practices change, we will keep you updated with new presentations and scripts through Premier Coaching, as we always have!
Join us on the latest episode of The Tim Macy Show, where we sit down with the dynamic Jason Haber, a pivotal figure in the NAR Accountability Project. In a no-holds-barred discussion, we tackle the resistance to change within the National Association of Realtors and dissect some pressing issues facing the industry today. From calling out NAR's reluctance to embrace reform over DEI to highlighting the power of collective action and transparency, this episode is a deep dive into the heart of real estate reform. Tune in to hear how our combined efforts are shaping the industry's future and why your voice matters in this transformative era. It's time to get real about real estate, accountability, and the changes we need to see – and as always, this could be terrible advice, or it might just be the wake-up call we all need.
Don't forget to subscribe, leave a rating and a 5-star review. If you leave a 5-star rating and review, send me an email firstname.lastname@example.org and I'll send you a free training on finding and analyzing properties.In a landmark verdict, a Missouri court found the NAR and two brokerage firms, Homeservices of America and Keller Williams Realty, liable for $1.8 billion in damages for conspiring to keep commissions artificially high. This decision could potentially revolutionize the real estate industry by challenging the traditional commission structure. The plaintiffs argued that NAR's requirement for commission sharing inflated prices, and the court agreed. For years, the standard commission has been around 6%, with a 3% split between the buyer's and seller's agents. In this video, I'll discuss what this means for homebuyers and Realtors.Apply to my Out of State Investing 4-Week Workshop- https://www.outofstatemoney.com/workshopDownload my free guide, 8 Steps to Buying Your First Out of State PropertyApply for my out of state investing coaching program here Access all of our resources on our website- https://www.blackrealestatedialogue.com/links
Today, Hunt unpacks the groundbreaking verdict against the National Association of Realtorsthat's shaking up the real estate worldShow NotesVerdict Breakdown: What the NAR ruling means for future home sales and industry reforms. Commissions in Question: Insight into how the lawsuit may dismantle traditional commission structures. Industry Impact: From $1.8 billion judgments to the potential restructuring of real estate giants. Market Evolution: The shift toward transparency and fairness in real estate transactions. Thanks to our partners, NAPA TRACS and PromotiveDid you know that NAPA TRACS has onsite training plus six days a week support?It all starts when a local representative meets with you to learn about your business and how you run it. After all, it's your shop, so it's your choice.Let us prove to you that Tracs is the single best shop management system in the business. Find NAPA TRACS on the Web at NAPATRACS.comIt's time to hire a superstar for your business; what a grind you have in front of you. Great news, you don't have to go it alone. Introducing Promotive, a full-service staffing solution for your shop. Promotive has over 40 years of recruiting and automotive experience. If you need qualified technicians and service advisors and want to offload the heavy lifting, visit www.gopromotive.com.Paar Melis and Associates – Accountants Specializing in Automotive RepairVisit us Online: www.paarmelis.comEmail Hunt: email@example.comGet a copy of my Book: Download HereAftermarket Radio Network
In this thought-provoking episode, host Dustin Brohm engages with rapidly-growing broker-owner Brittney Kosev from the Dallas Fort Worth area, diving deep into the intricacies of the real estate industry, the importance of mindset, and strategies for converting rental leads into purchase business. Brittney shares her transformative journey from being a school librarian to a very successful real estate agent (and now broker/owner), emphasizing the power of not ignoring rental leads, the impact of market changes, and the opportunities these present. She also touches on the recent NAR lawsuit and its implications for real estate agents.Key Points Discussed:Brittney's approach to converting rental leads into purchase business and her perspective on the value of working with rentals in real estate.The mindset shift from scarcity to abundance, and how this affects real estate dealings.Insight into Arnold Schwarzenegger's real estate investment strategies and how agents can apply similar principles for success.Brittney's focus on listing leads and advice for real estate agents on how to demonstrate their value to buyers in a changing market environment.Reflections on the NAR lawsuit, the future of buyer commission, and the significance of being adaptable and creative in the face of industry challenges.The importance of surrounding oneself with positive influences and maintaining a growth-oriented mindset.Guest Information:Brittney Kosev is a former teacher turned real estate powerhouse, known for her savvy business strategies and her inspiring mindset. You can connect with Brittney on Instagram at @brittney.kosev or follow her team at @BKRealEstateTX. With offices across Texas including newly opened divisions, Brittney is keen on growth and expansion in the real estate industry.Connect with Brittney:Brittany Kosev on InstagramBK Real Estate on InstagramWebsite***********************RESOURCES :Massive Agent Society: my Coaching program for real estate agents that I wish existed when I was starting out as a Realtor. Join the Society HEREWitly: the fully automated Facebook Ad management system for real estate agents and loan officers. Get a 14 day free trial HEREShop my Amazon Store: all the shit I love on Amazon + my Book List for Agents, podcasting equipment, and cool stuff for agents, etcBuzzsprout: Starting a podcast? Host your show with the same platform we use. Affordable, user-friendly podcast hosting for real estate agents - New users get a $20 Amazon Gift CardBamX: get 10% off with the discount code MASSIVE. You still get everything on nowbam.com and all BAM podcasts (like this one) for free. So, check it out, and use MASSIVE to get your discount on an annual subscription. LEAVE A REVIEW on APPLE PODCASTS
We are in a market that is now topsy-turvy. We are part of the major movements in the economy of our country and there are benefits and challenges in the flow of economics and of buying a home. Today, we are going to talk about a group of people who have had some tough times buying in recent years. We're talking about our active-duty military and our veterans who use VA Loans to purchase a home. Working with VA borrowers right now could be just what your business needs. Jimmy Vercellino is our guest today. He's going to educate us about these loans and he is going to show us how we can serve our veterans well in the homebuying process. [3:01] Jimmy discusses his background. He served in the military and now helps veterans. [6:51] Jimmy, as a Marine veteran, shares a common language with the veteran and active-duty military homebuyers he serves. If you, a REALTOR®, speak that language, you can better serve that client and there's instant trust, differentiating you from competitors. [9:41] Getting veterans to learn about the benefits of VA Loans is the most important thing. The military doesn't teach this. The VA doesn't advertise it. Mortgage loan originators don't understand it. [11:22] A veteran can get 100% financing. VA loans today no longer have a cap, as long as the veteran qualifies by income and credit. In addition, there is no PMI (private mortgage insurance). [13:00] A veteran can use more than one VA Guaranteed Loan at a time, as long as they have enough entitlement. These features can help a veteran create wealth through real estate. [20:09] A mortgage originator who dabbles in VA Guaranteed Home Loans hasn't been properly trained. They don't understand the nuances of the VA Home Loan Benefit. You want to work with somebody who has an in-depth understanding of VA Home Loan Benefits. [23:15] The only time Jimmy doesn't recommend a veteran consider a VA Loan is when they're paying cash. He always wants veterans to have a VA Loan on the table as an option, so they can make an informed buying decision on what's best. [24:46] Jimmy wants real estate pros to know that just because their client is putting 20% down does not mean they should use a conventional loan. Make sure that your client is getting all the options. [26:28] On Jimmy's YouTube channel, linked at the end of these show notes, Jimmy interviewed a VA appraiser. A VA appraiser is not an employee of the VA. The appraiser said no appraiser should ever change the home value based on the loan type. [34:24] Va Guaranteed Loans are assumable. There is a lot of confusion that exists in this space. Two things have to happen to get a VA Loan assumed. [40:13] Jimmy's philosophy on providing value to military homebuyers is to ask them if they know the benefits of a VA Guaranteed Home Loan, listing them one by one. [42:00] If your questions have provided value to the military member or veteran, chances are they will answer yes. [47:35] The way real estate agents get paid is changing. At the same time, under current law, the veteran is not allowed to pay the REALTOR®'s commission. It will take creativity to figure out win-win solutions. [49:12] The Military Relocation Professional (MRP) Certification Course from NAR never expires. Jimmy Vercellino teaches the all-day course. Agents that have attended it felt like they were more equipped to speak the language of active-duty service members. Tweetables: “[The relief of hearing your language in a foreign land] is the same thing that exists for veterans and active-duty service members when they have a REALTOR® who speaks their language; somebody who understands BAH, BAS, COE, DD-214, EAS, all of these types of things.” — Jimmy Vercellino “You don't want a mortgage originator who dabbles in VA Loans. … They haven't been properly trained and … we don't want to subject our buyers or veterans to somebody who doesn't understand the VA Home Loan Benefit and, could delay your on-time arrival.” — Jimmy Vercellino “The only time I don't recommend a veteran consider a VA Loan is when they're putting down 100%.” — Jimmy Vercellino “I tell my agents to be teachers; to bring the good word of VA Loans to veterans and active-duty military. As I said … VA doesn't teach it, mortgage lenders don't understand it, therefore, veterans don't know it.” — Jimmy Vercellino Guest Links: Jimmy Vercellino VAloansforvets.com Jimmy Vercellino on YouTube Jimmy interviews Appraiser Jay Josephs on the VA Appraisal Process Jimmy Vercellino on LinkedIn Email Jimmy@VAloansforvets.com NAR Resource Links NAR.realtor/technology Additional Links: Microcourses found at Learning.REALTOR. Use the coupon code PODCAST to obtain 15% off the price of any microcourse! CRD@NAR.REALTOR Crdpodcast.REALTOR Learning.REALTOR — for NAR Online Education Training4RE.com — List of Classroom Courses from NAR and its affiliates CRD.REALTOR — List of all courses offered The MRP Certification Course from NAR Host Information: Monica Neubauer Speaker/Podcaster/REALTOR® Monica@MonicaNeubauer.com MonicaNeubauer.com FranklinTNBlog.com Monica's Facebook Page Facebook.com/Monica.Neubauer Instagram Instagram.com/MonicaNeubauerSpeaks Guest Bio My name is Jimmy Vercellino, and I am a proud veteran of the United States Marine Corps and Operation Iraqi Freedom. I was born and raised in the San Francisco Bay Area, but at the age of 18, I made the decision to defend my country and leave home by enlisting. During my time in the Marine Corps, I traveled across the world visiting countries such as Japan, Korea, Thailand, Australia, and Singapore, and Fallujah, Iraq. I am a veteran of Operation Iraqi Freedom. I met my beautiful wife Sylvia while stationed in Kaneohe Bay, Hawaii, and we decided to relocate to Arizona in 2005 and get into the mortgage industry. I had a hard time transitioning from military to mortgage. I devoted myself to the Veteran and active-duty home buyers and their families here in the Phoenix area. I went all in, I started educating real estate professionals and veterans about how the VA Home Loan Benefit works. Today, I'm fortunate because I get to serve veterans all across this great nation. I lend in all 50 states. My mission was to serve all veterans and active-duty military as a trusted advisor for all their VA Home Loan financing needs. I have always had great love, respect, and admiration for veterans who have served the United States and I wanted to give back. Now, I have risen as one of the country's top VA Home Loan mortgage originators. Being a licensed and certified instructor with the Arizona Department of Real Estate, I proudly teach continuing education for real estate professionals in the Valley. It is my passion to partner with servicemen and women every day to help them find the home of their dreams in the country they call home. I now live in beautiful Phoenix, Arizona, and enjoy spending time with my wife Sylvia, daughter Sylvia Ann, and son Christian. VAloansforvets.com 602-908-5849
Ditch the Doom: Real Estate Agents Rising Above Fear and Embracing Change Join co-hosts Neil Mathweg and Mindi Kessenich in a candid conversation on the Agent Rise Podcast as they tackle the recent Burnett vs. NAR verdict, its impact on real estate professionals, and how to triumph over the industry's fear-mongering. They'll share their insights on staying resilient, adapting to change, and focusing on what truly adds value to clients in challenging times.
Get ready to revolutionize your approach to business growth. Our exclusive table chat with Steve Trang, Chris CJ Jefferson, Robert Wensley and Stratton Brown provides a goldmine of information on innovative ways to trade for assets that can skyrocket your business. They enlighten us on the science of trading for value-add multifamily assets, software, capital, and even major stakeholders of giants like Google. Also, brace yourself as we tackle the elephant in the room - managing employees who fall into legal troubles.Ever wondered why realtors maintain their pricing power and how they deceive people into contracts? Our panelists dismantle the deceptive practices rampant in the real estate industry and share their candid views on the recent NAR lawsuit verdict. We also take a deep dive into the value of realtors in today's market, the art of negotiation, and the potential impact of AI in real estate. Moreover, our guests bring to light intriguing investment opportunities in companies like Open AI, Blackrock, and others that blend acquisitions and dispositions.Education is the key to unlocking potential. That's why we discuss the urgent need for education in the real estate industry, the significant role of real estate investors in stimulating the economy, and how builders and city governments can contribute to neighborhood revitalization. We cap it off by exploring the intrinsic value of homeowners understanding investment concepts and the potential ROI from renovations. Lastly, our panelists shed light on the benefits of using disruptors to get a 20% discount when wholesaling. So, buckle up and join us on this enlightening journey!Learn how to close like The King Closer at https://thekingcloser.com/With over 900 Videos, this is the #1 channel on YouTube for all things Virtual Wholesaling. SUBSCRIBE NOW! https://youtube.com/@RJBatesIIIBuy the replay of the Closers Olympics at https://closersolympics.com/rjLearn more about the systems I use to virtually wholesale nationwide using the links below!LeadZolo YouTube Leads: https://www.leadzolo.com/titaniumThe Most Powerful Dispo Tool: https://get.investorlift.com/titanium/#rjbatesiii #kingcloser #pardonthedisruption #wholesalehouses #wholesalingrealestate #realestateinvestingSupport the show
With Treasury yields high, what will it take to get Berkshire Hathaway off the sidelines and back into the market? (00:21) Matt Frankel and Deidre Woollard discuss: - Berkshire Hathaway's massive pile of cash. - If the NAR lawsuit damages Berkshire's real estate prospects. - Why it has been a good year for insurance. (21:42) Mary Long and David Meier explore the big cybersecurity opportunity facing Palo Alto Networks. Claim your dividend report here: www.fool.com/dividends Companies discussed: BAM, BRK.A, BRK.B, PANW, Z, ZG, RDFN Host: Deidre Woollard Guests: Matt Frankel, Mary Long, David Meier Producer: Ricky Mulvey Engineer: Dan Boyd
In today's episode, we dig deep into the intricacy of the billion-dollar National Association of REALTORS® lawsuit and its far-reaching consequences. Get insights on the potential transformations in this sector and the significant role technology plays in the real estate industry, ushering in a new era of property dealings and practices. Stay tuned! WHAT YOU'LL LEARN FROM THIS EPISODE $1.78B NAR Lawsuit: Its cause and its impact on the real estate industry The role of technology in the changing housing market Potential changes in brokerage structures post-NAR lawsuit What is tokenization in the real estate sector? Possibilities if NAR is gone, and actionable steps REALTORS® can do about it RESOURCES MENTIONED IN THIS EPISODE Missouri jury finds Realtors, brokerages guilty of conspiring to inflate commissions National Association of REALTORS® HomeServices of America Keller Williams RE/MAX Anywhere Real Estate Inc. BERKSHIRE HATHAWAY INC. MLS.com Federal Housing Administration USDA Rural Development CONNECT WITH US: If you need help with anything in real estate, please email firstname.lastname@example.org Reach Ron: RP Capital Leave podcast reviews and topic suggestions: iTunes Subscribe and get additional info: Get Real Estate Success Facebook Group: Cash Flow Property Facebook Community
NAR plans to appeal a verdict in a case that many say will weaken the association's grip on the real estate industry. NAR and several other defendants were convicted of conspiring to keep brokerage commissions artificially high. Many industry experts are now speculating on how this will change the way homes are bought and sold. But NAR said in a news release that this case is far from over. The class-action lawsuit included more than 260,000 people who sold homes in Missouri, Kansas, and Illinois between 2015 and 2022. They objected to the commissions sellers were required to pay for agents on both sides of the deal. The fee is typically 5 or 6% of the sales price with the seller's agent handing over half of that fee to the buyer's agent. Many of the rules for this process are imposed by NAR. After a two week trial in Kansas City, Missouri, the jury handed over a guilty verdict against NAR, Keller Williams, and HomeServices of America along with two of its subsidiaries. The judge also slapped them with $1.8 billion in damages which could be tripled under U.S. antitrust laws. Re/Max and Anywhere Real Estate were part of the lawsuit as well, but they settled with plaintiffs earlier this year. Those settlements included a combined $138 million damage award and an agreement that they would no longer require NAR membership for their agents... ...You'll find NAR's statement, and articles on the lawsuit in the show notes for this podcast at newsforinvestors.com. Please remember to subscribe to this podcast, and join RealWealth for free for more information on how you can invest in wealth-building rental properties in markets across the nation. Thanks for listening! Kathy Fettke Links: https://www.reuters.com/legal/missouri-jury-hits-nar-real-estate-companies-with-18-bln-damages-2023-10-31/ https://www.wsj.com/finance/investing/the-way-you-pay-to-buy-or-sell-a-home-is-about-to-change-4e1a4fbc https://www.nar.realtor/breaking-news/update-in-case-of-burnett-v-nar-et-al